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Own Rental Property? Here Are Some Tax Deductions

Started by Epoch-Times-Bot, Sep 29, 2022, 11:15 AM

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Epoch-Times-Bot

Sep 29, 2022, 11:15 AM
Own Rental Property? Here Are Some Tax Deductions

During inflationary times, real estate can act like a hedge against inflation. It can also provide some stability if a recession turns to stagnation. But remember, even when inflation is roaring, people still need housing.
It’s common knowledge that a mortgage’s interest can be deducted on a primary residence. But what about rental property? What tax deductions are available? Here are the top 10 tax rental property deductions that you can take.
1. Depreciate Personal Property
A rental property owner can save by depreciating personal property. This is allowed based on the property's wear, tear, deterioration, or obsolescence. But this is limited to a set number of years....

Source: Own Rental Property? Here Are Some Tax Deductions

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