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Sheila Campbell
  • Rental Property Investor
  • GA
61
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73
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Taxes On Rental Property

Sheila Campbell
  • Rental Property Investor
  • GA
Posted

2020 I rented my 1st single family property. I'm getting a tax professional but I'm just wondering what are some of the tax benefits? Thanks &Happy New Years!

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John Underwood
#3 All Forums Contributor
  • Investor
  • Greer, SC
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John Underwood
#3 All Forums Contributor
  • Investor
  • Greer, SC
Replied

Depreciation, mileage, and repairs or material spent on the property, closing costs on purchase of property, home office if you are managing.

  • John Underwood
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