Tracking your rental property tax deductions is a crucial aspect of being a successful real estate investor.
Start for freeUnderstanding and accurately tracking your rental property tax deductions will enable you to identify areas of weakness and opportunities for growth, streamline operating expenses, and maximize end-of-year deductions for increased real estate portfolio profitability.
In this episode, Amanda and Matt take us through the ins and outs of depreciation, accelerated depreciation and cost segregations, and how good record-keeping is the foundation of any good tax strategy.
Amanda Han &
Matt MacFarland
Investors & CPAs
“A cost segregation allows you to break out the components of the building and depreciate them faster, essentially saving your tax dollars sooner rather than later… this though may not always be the most beneficial strategy,” Amanda explains.
Minimize your tax liabilities by accurately tracking your rental property tax deductions with an industry specific property management and accounting system like Landlord Studio:
Never miss a tax deduction for your rental property again and scale your rental business with simplified accounting.