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FIVE Things You Need to Know About Rental Income and Taxes!
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Property management can be lucrative, but rental property taxes are so complex that landlords often leave game-changing savings on the table when it comes time to file taxes.
Income tax and deductions for rental properties may not be top of mind, but there are numerous benefits just waiting to be uncovered. Don't be confused about tax on rental income.
0:00 Intro
0:45 What is ‘rental income’?
1:49 How much tax do you pay on rental income?
2:01 How is rental income calculated?
3:05 Is rental income considered earned income?
3:19 Which expenses can be deducted?
Income tax and deductions for rental properties may not be top of mind, but there are numerous benefits just waiting to be uncovered. Don't be confused about tax on rental income.
0:00 Intro
0:45 What is ‘rental income’?
1:49 How much tax do you pay on rental income?
2:01 How is rental income calculated?
3:05 Is rental income considered earned income?
3:19 Which expenses can be deducted?
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