Many people, even sophisticated real estate / property management professionals, don’t fully appreciate just how much money they can save with tax deductions.
What can you deduct?
There are dozens of possible tax deductions for real estate / property management professionals. Any expense for your property management business is deductible if it is:
- ordinary and necessary;
- directly related to your business; and
- reasonable in amount
Even a one-time expenditure can be ordinary and necessary as long as it helps your business in some way. Read more →