Rental Property Tax Tips

Subscribe and receive all Rental Property
tax guides via RSS

Recent Articles

Tax Deductions for Rental Property Depreciation
When you rent property to others, you must report the rent as income on your taxes. But you can deduct, or subtract, your rental expenses—the money you spent in your role as the person renting out the property—from that rental income, reducing your tax obligation. Many expenses can be deducted in the year you spend the money, but depreciation is different. Read more…

Cost Basis: Tracking Your Tax Basis
Cost Basis or Tax Basis? Whatever you call it, don't fear it. TurboTax helps you figure it out, and makes preparing your tax return easier. Read more…

What is Form 4835: Farm Rental Income and Expenses
As with all businesses, the IRS requires you to report the income and expenses involved with running that business, including a farm rental. If you're the owner of a farm but not the one actively farming the land, generally you'll report your income and expenses using IRS Form 4835. If you're a farmer who actually farms the land, however, you fall under a different tax classification even if you also own the land. The IRS provides instructions for Form 4835 as to whether you should be categorized as a farmer or a landowner. Read more…

10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals
With the rising popularity of Airbnb and other vacation rental companies, more and more people are renting their homes and learning about a new set of tax issues that come with it. When you offer your home, or a room in your home, as a short-term rental through services such as Airbnb, HomeAway, VRBO, FlipKey and many others, you can keep your income taxes to a minimum—and sometimes eliminate them entirely—if you follow some of these useful tax tips. Read more…

Real Estate Tax and Rental Property
If you own investment or rental property, TurboTax will help you with deductions, depreciation, and getting your biggest possible refund. Read more…


More Rental Property Articles

Tax Tips for Landlords Video: Tax Tips When Renting Out Your Home on Airbnb, FlipKey & Others What Is a Schedule E IRS Form? What Is Form 8586: Low-Income Housing Credit Rental Property Deductions You Can Take at Tax Time Renting Out a Room on Airbnb or FlipKey? How Much You Owe in Taxes Video: Filing Schedule E Supplemental Income and Loss Selling Rental Real Estate at a Loss Mortgage Refinance Tax Deductions How to Report a Foreclosed Rental House on Your Taxes

TurboTax Blog »

Get tax tips and tricks, from quick fixes to long term strategies.

Ready to try TurboTax?

Start for Free