Property Tax Information

Tax Scenarios for Furnished Houses for Rent

Whether tax season has come and gone or has just begun, if you have any furnished houses for rent, it is of the utmost importance that you know how taxes may help you to enjoy higher returns. In another CHBO article on this issue, we considered the expenses that you could (and could not) deduct at tax time, and it is a good idea to re-familiarize yourself with the viable deductions. However, many owners are unclear about rental property taxes and what the overall tax implications might be for this sort of income. One of the first issues that...

Book Review: Landlord’s Tax Deduction Guide

Ok so I know tax deductions are not that exciting to talk about but I know we all would prefer to have more cash in our checking accounts at the end of the year. The great news is there are lots of ways real estate investment properties can provide tax deductions. The bad news is the rules change every year so when this book arrived on my desk last week I was actually very excited. Every Landlord’s Tax Deduction Guide by Nolo Press. This 9th edition just came out this year and is over 500 pages! Did you know there are...