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Rental Property Depreciation in 2020
Depreciation is the process used to deduct the costs of buying and improving a rental property. Rather than taking one large deduction in the year you buy (or improve) the property, depreciation distributes the deduction across the useful life of ... Read more
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Deductible Rental Schedule e Expenses
If you receive rental income from the rental of a dwelling unit, there are certain rental expenses you may deduct on your tax return. These expenses may include mortgage interest, property tax, operating expenses, depreciation, and repairs. Read more
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Landlords Deduct Rental Property Travel Expenses
Auto & Travel Expenses: Rental property owners may deduct auto and travel expenses if, and only if, you incur them by collecting rental income Read more
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