The path can get foggy sometimes…
a guide can help.
Disclaimer: All blog posts and articles are for educational purposes only. No content should be considered as tax advice to you. You know when you are receiving specific tax advice from Pathway CPA Group LLC when you are an engaged client through an active Engagement Agreement. Always seek tax guidance for your specific scenario from a knowledgeable CPA or tax preparer.
Are you interested in becoming a commercial or residential landlord?
Are you interested in becoming a commercial or residential landlord? If so, you’ll likely have to shell out plenty of money before ever collecting a dime in rent. The tax code treats some of those monies as start-up expenses.
Tax Benefits of Repair Expenses vs. Improvement Costs.
The distinction between repair expenses and improvement costs can impact your tax benefits.
Holding Real Property in a Corporation: Good or Bad Idea?
Holding Real Property in a Corporation: Good or Bad Idea?
Is Airbnb Rental Income Subject to Self-Employment Tax?
Do you owe self-employment tax on Airbnb rental income?
Tax Implications When Your Vacation Home Is a Rental Property
If you have a home that you both rent out and use personally, you have a tax code-defined vacation home.
Video: Should Real Estate Investors Issue 1099 Forms to Vendors?
Watch this short video to learn why real estate investors should consider issuing 1099s each year to their vendors.
The Home-Office Deduction for Rental Property Owners
As you probably know, establishing a home office for a Schedule C or corporate business creates valuable tax deductions. But this deduction is not exclusive to sole-proprietorship, partnership, or corporate businesses. If you have rental properties, you can establish a home office to manage your rental properties and deduct the cost on your Schedule E.