Tax Deductions for Landlords

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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.

Landlord Tax Deduction Basics

Filing Your Taxes When You're a Landlord
How landlords own residential rental property affects the tax returns you must file each year.
Top Ten Tax Deductions for Landlords
Learn about the many tax deductions available to rental property owners.
How the New Medicare Tax Applies to Rental Property Owners
Find out how the 2013 Medicare tax will affect landlord taxes.
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.
Repairs vs. Improvements: Complicated New Rules Go Into Effect in 2014
Learn about new IRS regulations on the deductibility of property improvements.
Low Income Housing Tax Credit
Learn how the Low-Income Housing Tax Credit program can help investors in residential real estate.
Deducting Interest When Constructing a New Building
Learn the tax basics of deducting interest paid on newly constructed property.

Depreciations and Losses

Section 179 Expensing: How Rental Property Owners Can Deduct Long-Term Asset Costs In One Year
How rental property owners can speed up depreciation deductions with Section 179
How Landlords Can Deduct Casualty and Theft Losses from Their Taxes
Find out how a fire or other casualty loss to your rental property affects your taxes.
Can You Deduct Your Rental Losses?
Losing money in any business venture is never fun, but it can have tax benefits.
Beware the Self-Rental Trap
Passive activity loss rules mean landlords can't deduct rental losses like other businesses.
How Landlords Can Deduct Long-Term Assets
Understand the basics of depreciating long-term assets such as buildings.
How Landlords Can Use Cost Segregation to Speed Up Depreciation Deductions
Learn how to maximize depreciation deductions for your property.
Tax Credits for Restoring Old or Historic Buildings
Learn about the tax credits available if you spiff up an historic building.
How to Deal With Rental Property Losses Trapped by the Passive-Loss Rules
How to generate passive income to offset passive losses from rental property
Tax Advantages to Landlords Married to Real Estate Professionals
How landlords can save on taxes, including the Net Investment Income (NII) tax.

Running a Rental Business

Deducting Expenses You Incur Before Your Real Estate Business Begins
Special tax deductions are available to landlords when they start a residential rental business.
Is Your Rental Activity a Business or an Investment?
It's to landlords' advantage tax-wise to categorize your rental activities as a business, not an investment.
Recordkeeping for Landlords
Learn what income and expense records every landlord needs and how to develop a record keeping system that works for you.
Tax Rules for Hiring Resident Property Managers
Find out special tax rules that apply when you hire a resident manager of your rental property.
Hiring Independent Contractors for Your Rental Activity
Find out tax rules that apply to landlords who hire independent contractors to help them with their rental business.
Qualifying as a Real Estate Professional When You Manage an LLC
New rules makes it easier for real estate LLC owner-managers to qualify as real estate professionals and take advantage of favorable tax loss rules.
Deducting Landlord Car Expenses
Here's what tax deductions are available to landlords who make local trips for their rental business.
Deducting Landlord Out-of-Town Travel Expenses
Find out what travel expenses are tax deductible for landlords.
Landlord Tax Deductions for Environmental Cleanup Costs
Learn what tax deductions landlords can take for cleaning up environmental hazards such as lead or asbestos.

Converting or Selling Your Rental Property

Taxes When Landlords Sell Rental Real Estate
Learn about taxes you will have to pay when you sell rental property at a profit or loss.
The Home Office Tax Deduction for Landlords
The home office tax deduction can help some landlords recoup their business-related costs.
Taxes When You Convert Your Rental Property to Your Personal Residence
Thinking of moving into a rental property before you sell it? Be aware of tax consequences before doing so.