Rental Property Tax Tips

Subscribe and receive all Rental Property
tax guides via RSS

Recent Articles

Rental Property Deductions You Can Take at Tax Time
Rental property often offers larger deductions and tax benefits than most investments. Many of these are overlooked by landlords at tax time. This can make a difference in making a profit or losing money on your real estate venture. If you own a rental property, the IRS allows you to deduct expenses you pay for the upkeep and maintenance of the property, conserving and managing the property, and other expenses deemed necessary and associated with property rental. 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…

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…

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…

Mortgage Refinance Tax Deductions
When refinancing a mortgage to get a lower interest rate or obtain more favorable loan terms, you're really just taking out a new loan and using the money to pay off your existing home loan. In general, the same tax deductions are available when you're refinancing a mortgage as when you're taking out a mortgage to buy a home. Read more…


More Rental Property Articles

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

TurboTax Blog »

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

Ready to try TurboTax?

Start for Free