What are the best tax benefits for real estate?
Автор: Tim Herriage
Загружено: 2022-09-03
Просмотров: 1085
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Kristina writes: What are the best tax benefits associated with real estate investing?
Real estate investors can take advantage of depreciation, which allows them to deduct the cost of the property over its useful life. This deduction can offset rental income and reduce taxable income, even if the property is appreciating in value.
One of the most significant tax benefits for real estate investors is depreciation. The IRS allows you to deduct the cost of the property over its useful life, even if the property is appreciating in value. This deduction can offset rental income and reduce your taxable income.
Mortgage Interest Deduction: If you have a mortgage on an investment property, you can deduct the interest paid on the mortgage loan. This deduction can significantly reduce taxable income and increase cash flow.
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