Every investment property owner finds out soon enough that property ownership isn't just about collecting rent and keeping the property in shape. At EasyRentalTools we
continuously add articles that help investors with both common rental ownership concepts and little-known issues that can trip up an otherwise profitable rental property.
EasyRentalTools also has handy calculators to help with things like depreciation, mortgage payments, etc. Enjoy!
The first year of depreciation on a rental property will differ depending on the month first made available as a rental. read article
IRS 1040 Schedule E is used by individual taxpayers to report rental property and royalty income and expenses. read article
Vacant rental properties must be available for rent in order for expenses to be deductible. read article
Repairs fix something broken. Improvements add value to the property. read article
The IRS has some income reporting mistakes they look for on rental property tax returns. Here's three common ones. read article
Active rental property owners generally get more favorable tax treatment than do passive investors. read article
Section 179 deductions allow for the deduction of the cost of certain qualifying equipment in the year purchased but does not apply to equipment purchased for a rental property. read article
PMI (private mortgage insuance) is tax deductible as an expense for rental properties. read article
Loan points (loan origination fees) have to be deducted over the life of the loan. read article
Many property owners can deduct up to $25,000 in rental property losses from other income (W-2, etc.). read article