Property Management News

Tips on Rental Real Estate Income, Deductions and...

If you own rental real estate, you should be aware of your federal tax responsibilities. All rental income must be reported on your tax return, and in general the associated expenses can be deducted from your rental income. If you are a cash basis taxpayer, you report rental income on your return for the year you receive it, regardless of when it was earned. As a cash basis taxpayer you generally deduct your rental expenses in the year you pay them. If you use an accrual method, you generally report income when you earn it, rather than when you receive it and you deduct your expenses when you incur them, rather than when you pay them. Most individuals use the cash method of... Read more

Discover what happens to your investment profits What Is the Capital Gains Tax? The capital gains tax is the levy on the profit that an investor makes when an...

Taxes are perhaps one of the most boring and painful of all topics that one can choose to discuss. That is unless you are a real estate investor! The ability of...

The past few years have been a rollercoaster for the IRS and taxpayers alike. In 2020, Congress passed two rounds of stimulus checks, and Tax Day was postponed until...

Wealthy baby boomers seeking to wash their hands of active property management in favor of passive investment opportunities are increasingly turning to a...

Top 11 Deductions Landlords Should Consider this...

As a new year approaches, it can only mean one thing (besides a sudden spike in gym memberships); we’re that much closer to tax season. And whether you’re dreading it or looking forward to it (hello, tax returns!), you want to try to keep as much money in your pocket as possible this year. On the plus side, it’s nice to know that landlords have plenty of tax deductions to take advantage of. Some deductions are fairly straightforward, and others much more complex, but they’re generally worth the effort you put in to qualify for them, especially if money is flowing out the door in other ways. Here are eleven deductions to consider in 2024: 1. Professional Service Fees If you... Read more

Real estate investments offer an assortment of tax advantages that contribute to the wealth accumulation of investors. These advantages can be categorized into...

REITs vs. Real Estate Mutual Funds: An Overview Real estate investment trusts (REITs) and real estate mutual funds both offer diversification and an easy, affordable...

1031 exchanges are an effective way for investors to protect their capital. They also historically have experienced strong fundamentals in the long term. Why, then,...

Real estate has historically been considered a lucrative investment option for centuries and for good reasons. Modern-day tax advantages of rental property investment...