Here’s some ideas on tax deductions for rental home owners and the 2012 tax season from Jeremy House at Prime Lending. Owning rental property is a great way to reduce your tax burden while building equity.
You can even buy – sell -buy investment property and defer the tax via an IRS 1031 tax exchange. We’ve assisted many investors with this method. It allows you to build your portfolio and defer the taxes until a time when you may have less regular income (i.e retirement).
Here’s the pdf flyer from Jeremy. 2012 Tax Deductions For Rental Home Investors
