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9 KEY Tax Deductions for your RENTAL PROPERTY (Save Your Rental Business Thousands)
- 2024/12/17
- 再生時間: 5 分
- ポッドキャスト
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サマリー
あらすじ・解説
Do you own a rental property? In this video we go over 9 tax deductions that rental owners should be taking for their rental property. As a real estate investor, it is pivotal to ensure you are maximizing your tax deductions. In this video, Nick dives into commonly missed Tax Deductions that rental owners miss. Some commonly missed deductions are - HOA fees - Depreciation - Mortgage interest We discuss these subjects and much more in the video! Credentials: Nick is a Certified Public Accountant in the state of Texas. 2024 Schedule E (Form 1040): https://www.irs.gov/pub/irs-pdf/f1040se.pdf As a real estate investor, it is pivotal to ensure you are maximizing your rental property tax deductions. Check out our other videos on similar subjects. 1. Own a rental property? Watch this! (Cost Segregation Analysis) https://www.youtube.com/watch?v=n56WEOoEeJI&t=114s 2. Self Employed? Home Office and Auto Deductions for the Self-Employed, Explained! https://youtu.be/JBfdn9s8_Lg Chapters Intro - 0:00 Schedule E Explained - 0:13 Depreciation - 0:44 Mileage - 1:42 Repairs - 2:03 Property Taxes - 2:34 Mortgage Interest - 2:54 Management Fees - 3:38 Professional Fees - 3:33 Utilities - 3:49 HOA - 4:13 Additional Deductions - 4:29 Outro - 5:14 Interested in discussing your needs with a CPA? Book your consultation now. Choose between an in-person or online session below, where we'll tailor solutions just for you. In-Person Client Consultation: https://calendly.com/mescpa/meeting Online Client Consultation: https://calendly.com/mescpa/online Disclaimer: This video is meant to inform Rental owners, consult your tax & legal professionals before implementing any of these Tax deductions.