Are You Interested in Entering the Rental Property Business? – Finance Training Topics

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Rental Property Accounting: Stepping Things Up As Your. – The Benefits of Accounting for Rental Property. As a rental property manager, you keep many different balls in the air. It can be challenging to keep track of the many different areas of your business, such as home maintenance, legal matters, and accounting.

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Interest paid on other business loans, as well as for small business credit cards, can be deducted via line 16b. Property Expenses. The costs of maintaining the property where your business is located can add up throughout the year. Luckily, you can deduct these costs: Rent or Lease of Other Business Property. This one is pretty straightforward.

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