Many municipalities use rental car taxes to fund sports arenas, convention centers and other expensive infrastructure projects. The theory is that the taxes mostly affect out-of-town visitors. But a ...
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5 tax deductions for rental property
If you’re a landlord, your rental property not only brings you extra income but can allow you to write off tax deductions to lower your tax liability. From repairs and maintenance to mortgage interest ...
As tax season approaches, you might be asking yourself, “Is rental income taxable?” Or, “Do you pay tax when you sell a rental property?” The short answer is that it depends. Rental income is often ...
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