Want to get an early start cutting your tax bill in 2020?
Then my new article is for you!
You see, if you’re running a proprietorship, partnership, or corporate business, you probably already know that a home office can offer a significant tax deduction.
But what you may not know is that you can get a home-office deduction for your rental property as well as a deduction for your regular Schedule C (or other business) home office. And you can maintain both in your own home!
Want to learn more about how to qualify for a rental-property home office and the tax benefits it can afford you?
Read my new article titled Tax Tips: Unlock Tax Deductions with a Rental-Property Home Office.
Three ways our fact-filled article can help you:
- We’ll explain how to qualify for your rental-property deduction. First, you have to make sure that your rental activities qualify as a “trade or business” under the law. Luckily it’s not hard to do. You’ll just need to have regular and continuous involvement with your rental activities. You’ll get the whole story when you read the full article.
- We’ll tell you why establishing a rental-property home office can help you in three ways. 1. It turns non-deductible household expenses into valuable tax deductions. 2. It moves household expenses, normally deductible on Schedule A, to your rental properties on Schedule E. 3. It improves your rental business vehicle tax deductions. All will be made clear when you read the full article.
- You’ll learn a lot more too. We’ll cover the importance of establishing a “qualified area” for your rental-property home office, why it makes sense to use the home office to help you qualify as a “real estate professional,” a guide to claiming your deduction, and much more. You’ll get all this valuable information when you read the full article.