I wanted to take the time to write about the top ten tax deductions available for real estate investors. Though some of this may seem relatively elementary, I've included a few gold nuggets for even our most experienced clients.
Real estate investors are always asking what expenses landlords can deduct. Because the answer to that question can quite literally be endless, we often tell our clients to record everything. For those expenses that our clients are unsure about, we ask them to create an “ask my accountant” category or account in their bookkeeping solution which they can discuss during a short call.