Your Credit Score: 6 Things You Need To Know
If you have ever borrowed money or applied for credit, like a credit card, a credit report exists in your name. More than 180 million Americans have credit reports. That’s a lot. The thing is,…
Article Category: Landlords & Rental Properties
Can I Deduct Rental Expenses Before Renting?
The quick answer to this question is yes and no. Why both? It depends on whether the property is considered held for investment or held as a business with the intent to generate a profit…
Does the IRS Know When You Buy or Sell a House?
Whenever you buy or sell a house, you are most…
Is Rental Income Passive or Earned Income?
If you are one of the countless landlords in the…
Is Rental Property a Capital Asset?
According to the U.S. Department of Housing and Urban Development, there were over 48.5 million rental units in the nation in 2015. Given the economic growth, increasing earnings, and a…
What Rental Property Closing Costs are Tax Deductible?
Tax deductions are a great way to save money at tax time every year. Taking full advantage of tax deductions and knowing what rental property closing costs are tax deductible…
Schedule E Instructions for 2020
Schedule E, also known as the form for your "Supplemental…