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Reply to "How to Kushner my taxes?"
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[quote=Anonymous][quote=Anonymous]Our life changed last year when we bought a rowhouse with a basement-level apartment. Seriously, the tax benefits are enormous. We essentially make $24K/year tax-free on the rent due to deductible depreciation and related expenses. Anything we pay to maintain the house we basically get an automatic 33% discount. If I need a new roof, I can deduct one-third of the cost against my rental income. Same with my property taxes, utilities (provided to my tenants), internet bill, and even my cable bill. Oh, we need a new laptop, which we use extensively to manage our property? Depreciate and deduct it. It's just ridiculous how rigged our tax system is for real estate owners. This is the real government welfare.[/quote] Uh.. have you talked to your accountant about this pp?[/quote]
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