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What is Tax-Deductible On a Rental Property?

Posted 11/9/20

Do you rent property to others? Rental real estate provides more tax benefits than almost any other investment. Besides, the potential for an ongoing income and capital appreciation; such investments offer deductions that can reduce the income tax on your profits. Here are some tax deductions for owners of rental property:

Interest. Interest is often a landlord's biggest deductible expense. Common examples of interest that landlords can deduct: mortgage-interest payments on loans used to acquire or improve rental property, and interest on credit cards for goods and services used in a rental activity.

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