TaxAudit Blog

Tag: rental property

House with downward arrow above it with coins surrounding it.

Rentals are considered to be special passive activities and the amount of loss you can use in any year is limited to $25,000, if your AGI is under $100,000.

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Second home on a cobblestone street

Whether you use your second home for personal or business purposes, the interest you pay on the mortgage may very well be deductible on your tax return.

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HOA written with blocks with wooden house on top

HOA fees are not deductible for a property used as your private home all year. But there may be a deduction for those who use their home for business purposes.

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4 small houses with questions marks on top of them

Is investing in real property, particularly rental property, a good idea for your retirement investments, especially your traditional IRA or Roth IRA?

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House For Rent

If your rental property is incurring losses, those losses may be limited on your taxes based on other income you receive. Let's explore more.

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