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For landlords, tax deductions can make the difference between earning a profit and losing money. If you are a landlord, you'll want to take advantage of the many valuable tax deductions available to you.
Beware the Self-Rental Trap
Passive activity loss rules mean landlords can't deduct rental losses like other businesses can offset their business losses from income.
Deducting Interest on Rental Property
As a general rule, you may deduct interest on money you borrow for a business or investment activity, including being a landlord.
Tips for Maximizing Repair Deductions
The entire cost of a repair is deductible in a single year, while the cost of an improvement to rental property may have to be depreciated over as much as 27.5 years.