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Rental Property Tax Tips

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Recent Articles

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…

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…

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…

Selling Rental Real Estate at a Loss
You may own rental real estate that you need to sell at a loss. To help ease the pain, losses from selling rental properties generally receive favorable tax treatment. 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

How to Report a Foreclosed Rental House on Your Taxes Rental Property Deductions You Can Take at Tax Time What Is a Schedule E IRS Form? Video: Filing Schedule E Supplemental Income and Loss Tax Tips for Landlords What Is Form 8586: Low-Income Housing Credit Tax Deductions for Rental Property Depreciation 10 Tax Tips for Airbnb, HomeAway & VRBO Vacation Rentals 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
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