Rental Properties Expenses and Deductions
Get your deductions right!
Do you own a property from which you are earning rental income? Is it owned personally?
If rental income is earned from renting a property that you own personally, it is required to be reported on your personal income tax return. Rental income includes income from renting a house, condominium unit, commercial space, or other real or movable property.
All reasonable expenses relating to the rental unit can be claimed against the rental income and include, but are not limited to:
We have the experience and knowledge to help you understand the tax reporting required for a rental property. We can also discuss the short and long-term strategies for minimizing your taxes with respect to your rental property.
Rental Property Deductions
How to report your rental property expenses on your personal tax return to save money and pay less tax.
- Contact Us Today!