Friday, October 21, 2011
Tax Advantages on Owning Rental Property
Investing on a rental property is a great way to earn and building wealth in business of real estate. It is a fixed income every month. Unknown to most, a rental property has several tax advantages. If you are interested to invest in a rental property, it is helpful to understand the tax advantages below. 1. Tax deductions on rental property are in line with any business tax. Expenses for property maintenance are deductible. These expenses could include cleaning, landscaping and insurance. 2. Your mortgage payments on
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