Small Real Estate Investor Tax Deduction
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Description
Did you know you could deduct up to $25,000 on your taxes with the small investor real estate deduction? Here’s how it works: 1) you have to make under 100,000 a year, once you pass 150,000 you cannot claim any of the deduction. 2) you must own at least 10% interest in the rental property 3) you cannot be a real estate professional 4) you must actively manage/participate in renting and maintains the rental real estate property. Tune into the latest episode for full details. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app