Whether you rent out a property long-term or short-term, there are lots of tax deductions that can save you money. Lisa Greene-Lewis, TurboTax expert and CPA, explains. If you have income from rental ...

TurboTenant reports that the IRS will know about your rental income, and failing to report it can lead to serious penalties ...

Are you trying to make some passive income? Many people are looking for new ways to supplement their regular earnings and generate extra cash flow — and passive income can provide just that. Owning ...

Are you reporting your rental income the right way? To begin, yes, buying the rental property in the LLC could be the best option. It's important that the LLC is already set up when the rental is ...

We’ve all heard the saying that nothing is certain but death and taxes. I haven’t yet found the secret to living a long life, but I do have good news to share regarding taxes. As soon as I pulled the ...

You can rent what you already own or buy something new to rent. Don't forget to look into the tax strategies. There are a few ways to get involved. Investing in real estate is one of the most powerful ...

But there’s another tax benefit to short-term rentals: the ability to deduct certain property-related costs, like ...

Anytime you get paid for the use of your property, that's rental income. Report it as gross income, or face unpleasant tax troubles. The IRS knows -- which means you should, too. Anytime someone else ...

Getting a mortgage for a rental property involves assessing the financial situation, researching loan options, preparing necessary documents, and understanding the underwriting process. If you're ...