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Home Property Tax Strategy
Learn tips and helpful guides on how you can handle taxes for your investment property much better.
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Claiming a tax deduction on an investment property sometimes becomes a bit of a reflex action. Many people live under the impression that if they have incurred a cost that is related to their investment property, surely they must be entitled to claim a tax deduction on the cost. Unfortunately, the tax law is anything but simple, which can easily catch the unsuspecting. This article looks at the common mistakes investors often make in claiming tax deductions on their investment properties.
So, here are my Top 5 Tax Depreciation tips to take full advantage of the return on your investment property.