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Rental property tax deductions

Tracking your rental property tax deductions is a crucial aspect of being a successful real estate investor.

Maximize Your Rental Property Tax Deductions

Understanding and accurately tracking your rental property tax deductions will enable you to identify areas of weakness and opportunities for growth, streamline operating expenses, and maximize end-of-year deductions for increased real estate portfolio profitability.

Episode 10: Understanding Depreciation As A Property Investor with Amanda Han & Matt MacFarland

In this episode, Amanda and Matt take us through the ins and outs of depreciation, accelerated depreciation and cost segregations, and how good record-keeping is the foundation of any good tax strategy.

Amanda Han &
Matt MacFarland

Investors & CPAs

“A cost segregation allows you to break out the components of the building and depreciate them faster, essentially saving your tax dollars sooner rather than later… this though may not always be the most beneficial strategy,” Amanda exaplains.

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Resources

Income & Expense Management Guide

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Tax deductible expenses checklist

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Rental property spreadsheet

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Free landlord document kit

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How to track rental property expenses and maximize tax deductions

Minimize your tax liabilities by accurately tracking your rental property tax deductions with an industry specific property management and accounting system like Landlord Studio:

Connect your bank accounts to view and reconcile transactions for faster and more accurate real estate accounting.
Track expenses via the mobile app and make sure you never miss a deductible again.
Scan receipts at the point of sale with our in-built receipt scanner for rentals.
Easily keep an accurate mileage log using Landlord Studio’s automated GPS mileage tracker.

Never miss a tax deduction for your rental property again and scale your rental business with simplified accounting.