Do you own a rental property? In this video we go over 9 tax deductions that rental owners should be taking for their rental property. As a real estate investor, it is pivotal to ensure you are maximizing your tax deductions. In this video, Nick dives into commonly missed Tax Deductions that rental owners miss. Some commonly missed deductions are - HOA fees - Depreciation - Mortgage interest We discuss these subjects and much more in the video! Credentials: Nick is a Certified Public Accountant in the state of Texas. 2024 Schedule E (Form 1040): https://www.irs.gov/pub/irs-pdf/f1040se.pdf As a real estate investor, it is pivotal to ensure you are maximizing your rental property tax deductions. Check out our other videos on similar subjects. 1. Own a rental property? Watch this! (Cost Segregation Analysis) https://www.youtube.com/watch?v=n56WEOoEeJI&t=114s 2. Self Employed? Home Office and Auto Deductions for the Self-Employed, Explained! https://youtu.be/JBfdn9s8_Lg Chapters Intro - 0:00 Schedule E Explained - 0:13 Depreciation - 0:44 Mileage - 1:42 Repairs - 2:03 Property Taxes - 2:34 Mortgage Interest - 2:54 Management Fees - 3:38 Professional Fees - 3:33 Utilities - 3:49 HOA - 4:13 Additional Deductions - 4:29 Outro - 5:14 Interested in discussing your needs with a CPA? Book your consultation now. Choose between an in-person or online session below, where we'll tailor solutions just for you. In-Person Client Consultation: https://calendly.com/mescpa/meeting Online Client Consultation: https://calendly.com/mescpa/online Disclaimer: This video is meant to inform Rental owners, consult your tax & legal professionals before implementing any of these Tax deductions.

🎙️Mitzi Sullivan CPA, Nick Grantham and Jessica Sullivan CPA co-host their podcast called Facts, Figures and Fallacies from the Front Line. Everything from crypto currencies, changing tax laws, real estate and business management is all discussed here with you. Whether you are a teacher, contractor, business owner or stay at home parent we hope you join us each week as we share from a CPA's point of view, everything Facts, Figures and Fallacies from the Front Line! Video Chapters Intro 00:00 Bonus Depreciation 60% vs.100% Explained - 1:31 Work opportunity Credit - 2:53 Overtime Tax / No Tax On Tips - 3:25 Social Security Tax Changes - 4:03 Increased Child Tax Credit - 5:36 Capital Gains Tax Rate Cut - 6:53 Corporate Tax Rate Cut - 7:56 Tariffs - 8:42 Foreign Tax Abolished - 10:22 Proposed Infrastructure Program - 10:56 Topics We Discuss Business Taxes Bookkeeping Management Tax Breaks for Business and Contractors What to do with Crypto Taxes Health Savings Accounts Teachers Retirement Credits Retirement Savings Living Wills and Trusts Real Estate Transfer and Taxes 1031 Exchange Want have a client consultation with a CPA, schedule your in-person or online appointment down below where we will find a better way. In-Person Client Consultation: https://calendly.com/mescpa/meeting Online Client Consultation: https://calendly.com/mescpa/online About our firm: Mitzi E. Sullivan CPA, PLLC is a established firm in Decatur TX that offers client-centered assurance, tax, and financial advisory services, specializing in small and medium-sized enterprises (SMEs), from inception to initial public offering. We serve clients all over North America working with Fortune 500 companies to Startup Businesses. We keep everyone updated on the latest tax laws and businesses information so you don't have to.

🎙️Mitzi Sullivan CPA, Nick Grantham and Heather Swan CPA co-host their podcast called Facts, Figures and Fallacies from the Front Line. Everything from crypto currencies, changing tax laws, real estate and business management is all discussed here with you. Whether you are a teacher, contractor, business owner or stay at home parent we hope you join us each week as we share from a CPA's point of view, everything Facts, Figures and Fallacies from the Front Line! Topics We Discuss Business Taxes Bookkeeping Management Tax Breaks for Business and Contractors What to do with Crypto Taxes Health Savings Accounts Teachers Retirement Credits Retirement Savings Living Wills and Trusts Real Estate Transfer and Taxes 1031 Exchange Want have a client consultation with a CPA, schedule your in-person or online appointment down below where we will find a better way. In-Person Client Consultation: https://calendly.com/mescpa/meeting Online Client Consultation: https://calendly.com/mescpa/online About our firm: Mitzi E. Sullivan CPA, PLLC is a established firm in Decatur TX that offers client-centered assurance, tax, and financial advisory services, specializing in small and medium-sized enterprises (SMEs), from inception to initial public offering. We serve clients all over North America working with Fortune 500 companies to Startup Businesses. We keep everyone updated on the latest tax laws and businesses information so you don't have to.