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Tag Archives: tax deductions

Buying Rental Properties, Owning a Rental Property in Pennsylvania, Property Management, Property Management in Pennsylvania, Property Management in Philadelphia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords

10 Tax Deductions That Landlords Miss: A Guide for New Investors

Posted on by Patrick Freeze
10 Tax Deductions That Landlords Miss A Guide for New Investors
02
Jan

Tax time is a particularly stressful time for most people, especially rental investors. After all, landlords need to determine what they can write off without making mistakes on their legal tax documents. Unfortunately, deductions sometimes get missed, excluding some significant tax benefits. To avoid missing out on tax benefits, read along as we go over […]

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Buying Rental Properties, Owning a Rental Property in Maryland, Property Management in Baltimore County, Property Management in Maryland, Rental, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords

Calculating and Claiming Depreciation at Tax Time for Your Rental Property

Posted on by Madison McCracken
Calculating and Claiming Depreciation at Tax Time for Your Rental Property
02
Mar

When you invest in something as large as real estate, you want to get as much back at tax time as you can. Most people have heard of the main tax write-offs, like mortgage interest, insurance, and repairs. However, one of the most significant deductions for landlords is depreciation. Savvy investors who want to make […]

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Buying Rental Properties, Owning a Rental Property in Pennsylvania, Property Management, Property Management In Bucks County, PA, Property Management in Pennsylvania, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords

2021 Rental Property Tax Checklist and Tips for Landlords

Posted on by Madison McCracken
2021 Rental Property Tax Checklist and Tips for Landlords
25
Jan

While many benefits come with investing in real estate, tax time can still be a significant source of stress for property owners. Investors that aren’t well versed in tax requirements, deductions, and processes may quickly become overwhelmed. At the same time, the Covid-19 pandemic has posed many tax changes for people worldwide, including landlords and […]

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Buying Rental Properties, Owning a Rental Property in Virginia, Property Management, Property Management in Manassas, Property Management in Northern Virginia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords

Top 10 Tax Write-Offs for Real Estate Investors and Landlords

Posted on by Madison McCracken
Top 10 Tax Write-Offs for Real Estate Investors and Landlords
03
Jan

As we approach the end of the year, rental investors must prepare for tax season. For many, taxes are stressful and can be hard to navigate without professional help. While there are a ton of tax write-offs for real estate investors, property owners must file taxes correctly to make it as beneficial as possible.  That […]

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Buying Rental Properties, Owning a Rental Property in Pennsylvania, Property Management, Property Management in Pennsylvania, Property Management in Philadelphia, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords

End of Year Tax Planning for Property Investors

Posted on by Madison McCracken
End of Year Tax Planning for Property Investors in Philadelphia
16
Dec

A Property Investor’s Guide to End of Year Tax Planning The endless amount of tasks associated with end-of-year tax planning can be challenging for rental investors. Therefore, we recommend hiring a property management company to assist with tax filing. That said, whether you hire a professional company or file your taxes yourself, you’ll want to […]

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Owning a Rental Property in Maryland, Property Management in Baltimore, Property Management in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords

How Do You Declare Rental Revenue From Income Properties?

Posted on by Madison McCracken
How Do You Declare Rental Revenue From Income Properties?
08
Dec

When you are a rental property owner, it’s essential to keep updated with your tax responsibilities. Real estate investors are expected to report their total rental revenue on their tax returns at the end of each year. During this time, investors must declare all payments they receive from tenants as rental revenue. From there, property […]

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Property Management in Richmond, Tips for Investing in Rental Properties, Tips for Landlords, VA

Top Tax Write-Offs for Landlords & Real Estate Investors

Posted on by Alyssa Adams
Top End of Year Tax Write-Offs for Landlords and Real Estate Investors
03
Feb

The dreaded end of year tax season is once again upon us. This can be a particularly stressful time for landlords trying to navigate what you can and cannot write off. There are, in fact, many tax benefits for rental property investors, but only if you know how to use them. So, continue reading below […]

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Owning a Rental Property in Maryland, Property Management, Property Management in Maryland, Tips for Investing in Rental Properties

10 Tax Benefits and Considerations for Local Landlords

Posted on by Bay Property Management Group
31
May

Owning property is a huge part of the American dream. But every year, landlords across the country pay much more taxes on their rental business than necessary. All too often, these taxes take a serious toll on the profitability of their properties. Fortunately, the United States tax code has many rules that allow landlords to […]

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