Plano TX – Tax Deductible Expenses for Real Estate Rental Properties

Last week we covered reporting Rental Real Estate activities on tax returns. This week we’ll give an overview of Expenses. Next week, we will cover depreciation separately and we will continue to cover various topics pertaining to Rental Real Estate over the coming weeks. In general, the

Read more

Last week we covered the general rules around reporting rental Real Estate activities on tax returns.  This week we’ll begin to dive into more specific issues related to income tax reporting for Real Estate Investors, by covering the reporting of income on rentals.  Today, we’ll cover income

Read more

Auto Deduction for Real Estate Agents and Other Self Employed Taxpayers

Among the industries and professionals that my Dallas, TX tax firm works with include both Real Estate Investors and Real Estate agents. As independent contractors, real estate professionals often incur substantial out of pocket costs to run their business and those costs include the costs of using

Read more