Tax advantages for owning rentals

[Laurie Clarkston]

Is there any good place to calculate the specific tax advantage to owning a rental?  For example:  When I purchase a rental, how much money will that save me this year on my taxes?  Besides quickbooks or talking to my CPA.  Just wondering if there is a quick calculator for it.

[Jackson Pontsler]

@Laurie Clarkston and @Lynnette E. there is no quick option because there are SO MANY VARIABLES that can count a buisness expense.

Standard we talk about are:

• Rent
• Utilties
• Taxes
• Management

However these are some we don't talk about:

• depreciation
• internet and cell phones
• Your personal utilities
• Office rental
• etc....

There are so many options which is why I'm grateful for our CPA.  Instead of us having to taxes on income we were able to declare a loss and had the government give us money!  So many perks of being a small buisness owner and guess what your rentals are a buisness.