Skip to Content

Ready to find your nearest Real Property Manager? Click here!

Find a Real Property Manager

Advice, tips and trends for property investors

Rental Property Tax Deductions: What is Allowed?

yes no

With the end of the year in sight you may have a few questions regarding tax deductions on your property. Because your property is an investment, there are certain deductions you can take, but do you know which ones?

  1. Home repairs
  2. Loan interest paid
  3. Professional fees
  4. Insurance
  5. New refrigerator

Answer: All of the above!

The reality is that there are many items you can check off as a tax deduction. Every year, millions of landlords pay more taxes on their rental income than they have to. Why? Because they fail to take advantage of all the tax deductions available for owners of rental property. Rental real estate provides more tax benefits than almost any other investment. Examples of some of the available tax deductions are: Interest paid on the home’s mortgage, legal and professional fees such as your property management expense, property taxes, casualty losses, some major appliances, expenses paid to make your home more accessible to individuals with disabilities or the elderly, and in many cases home repairs and improvements. Of course with any tax deduction, often times there are exceptions so make sure to discuss your rental property with a fully qualified tax professional.


accounting   services5   472740_3653577183811_141511840_o-1024x764


Tell us your thoughts! Did you answer correctly?


We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.