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1231 - Essential Tax Breaks Every Real Estate Investor Should Know in 2024 by Datha Santomieri
1231 - Essential Tax Breaks Every Real Estate Investor Should Know in 2024 by Datha Santomieri
ratings:
Length:
12 minutes
Released:
Feb 27, 2024
Format:
Podcast episode
Description
Running a rental business comes with its fair share of headaches, but one upside is that just about every rental activity associated with buying, maintaining, and operating a rental property is tax-deductible. We’ll walk through a checklist so you remember to keep track of your actual expenses and get the maximum tax benefit.
At the end of the day, the logic is that you should only have to pay taxes on your profits, which is your rental income minus all of your expenses. That’s the number that will be entered on Schedule E when you file your taxes.
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At the end of the day, the logic is that you should only have to pay taxes on your profits, which is your rental income minus all of your expenses. That’s the number that will be entered on Schedule E when you file your taxes.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Feb 27, 2024
Format:
Podcast episode
Titles in the series (100)
732 - 6 Tips for Saving Money During Tenant Turnover by Matt DeBoth by BiggerPockets Daily