According to Buildium’s latest blog post article, Top Ten Tax Deductions for Landlords, “Rental real estate provides more tax benefits than almost any other investment. Often, these benefits make the difference between losing money and earning a profit on a rental property.”
If you’re a Nevada County real estate investment property owner, your number one goal should always be to maximize cash flow. One of the most important ways to do this is by deducting applicable expenses from your Grass Valley rental property in order to take advantage of all the tax benefits you can.
Buildium’s article goes on to say that the biggest deduction is interest on mortgage payments and/or loans/credit cards use to improve the property. CLICK HERE to read the other top 9 deductions for Nevada County Landlords!