What Are the Tax Benefits of Owning Investment Property?

Chris at Hauseit (https://www.hauseit.com) goes over the tax benefits of owning investment property, and lists what expenses you can write off against your income.

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In this YouTube #Shorts tutorial, we explain which expenses you can write off against your income for tax purposes, such as mortgage interest, HoA fees, property taxes, repairs & maintenance expenses, furniture and furnishings (if you're renting your property out furnished) etc.

We also go into more detail on writing off expenses for furniture and furniture, who can do so, and over what time frame depending on whether you're classified as a "qualified real estate professional" for tax purposes.

Remember that this is not tax or accounting advice, and you should always consult your attorney if you wish to learn more.
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https://www.hauseit.com

Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Est 2014.

Hauseit Group LLC, Licensed Real Estate Corporation
Tel: (888) 494-8258 | https://www.hauseit.com
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