The IRS recently released a draft version of Form 8825 and its instructions, revealing a few changes to what’s required. One ...

Compare tax relief providers that match your needs. Find Tax Experts Reduce your tax burden now If you made money from a rental property in 2023, you must include that income when filing your taxes.

Owning rental property can be an excellent way to make extra income, supplement your mortgage payments and qualify for tax deductions. But the investment also comes with a slew of rules to follow at ...

Owning rental properties offers various tax benefits, including the ability to deduct mortgage interest on those properties. This deduction allows landlords to potentially reduce their taxable rental ...

Becoming a residential landlord or owning a commercial property comes with new tax responsibilities. Learn more about how to handle your tax situation. If you become a professional or part-time ...

Question: Now that prices have dropped so much, my husband and I would like to purchase some real estate for tax write-off purposes. Should we purchase a small condo locally, or acreage east of the ...

Many Americans who live abroad choose to keep their US properties for rental purposes. It can be an excellent source of income and allows you to maintain a US home if you decide to move back some day.

If you own land, a home or a second vacation place, you are likely paying property taxes. These property taxes are a key ...

If you’re a landlord, your rental property not only brings you extra income but can allow you to write off tax deductions to lower your tax liability. From repairs and maintenance to mortgage interest ...