
Landlords, don’t miss out on these tax deductions
Last Updated: April 26, 2024 Buying real estate is rarely a bad decision. If you purchase a house that requires minor repairs, you’ll have an excellent return on your investment. You can renovate it and resell it or rent it out, creating continuous cash flow. But how about its tax purposes? Few know and take advantage of the tax deductions that come with real estate. Let’s take a look at what expenses you can deduct Insurance If you’re a landlord and receive rental income from your home. Your homeowners’ insurance,