Real Estate

Are you a property owner earning rental income and wondering how to file your rental taxes? Well, filing Schedule E form and understanding what to file is a broad topic, but we’ll narrow it down for you. What is the Schedule E form? Schedule E form is a part of IRS form 1040 used to report

When you rent out part of your personal property, it's not just that you get added income (that you have to report), but now part of your property is open to expenses and deductions. To begin with, you must divide expenses between personal and rental use.  You can deduct the rental portion of the

As a landlord, you are highly involved in looking for tenants to rent your property while at the same time ensuring that you provide the necessities to keep them around. That adds you money in your bank account. However, the IRS is always knocking to check on what you have earned, so you have to pay

Most real estate investors need to spend some money to get their business started. The costs incurred before they are actually in business are known as start-up expenses. Special tax rules and regulations govern the deductions for a rental property as well as other related costs. If you are not

Landlords and property owners are looking at a tax deduction to lower their taxable income. They are looking at their expenses for the past year and noting what can be deducted from their gross income. Through deductions, the taxes they owe the government will be drastically lowered, and would

The right Certified Public Accountant (CPA) can do wonders for your real estate business whether you are renting out one small property or have a large amount of real estate to lease. Their cost is typically marginal to the amount of value that they can present to your business and they add