Vacation Home Rentals and Taxes Do you own a vacation home? If you both rent it out and use it personally, you might save tax by taking steps to ensure it qualifies as a rental property this year. Vacation home expenses that qualify as rental property expenses aren’t subject to
A common frustration for small business owners has historically been their inability to recover nonresidential commercial real estate costs through depreciation in a reasonable amount of time. Nonresidential real property has been relegated to a 39-year straight-line recovery life, with no opportunity for accelerated deductions. This unfavorable depreciation period and
Are you sure you want to be a landlord? We have all heard stories about challenging experiences with tenants. Like the one tenant who took almost every fixture when they moved out: curtain rods, towel bars, carpet, you name it. Putting up with tenants can be a real pain. But
