Deductions for Your Home Office
Basically the rule is that you can deduct the expenses related to your home office as it relates to managing your rental properties to the extent that you use them exclusively for that purpose. The cleanest way is to have a separate area with a separate phone and or fax line dedicated exclusively for you to manage your rental property. Read more...

Record Keeping and Tax Planning
One of the biggest benefits of owning a rental property is that you can deduct expenses that are nondeductible for personal residences. With personal residences, the only deductions that owners are entitled to are real estate taxes and mortgage interest. However, with a rental property almost any expense related to the rental property is deductible. Read more...

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