Property depreciation is the gradual reduction in the value of a property over time due to factors like wear and tear, which can be used for tax deduction purposes. Property depreciation is typically ...

Calculating return on investment (ROI) on a rental property is essential for understanding its profitability and making informed decisions as an investor. ROI measures how much profit you’re ...

You may be able to deduct some losses from rental properties on your income taxes but not all. Internal Revenue Code Section 469 was passed primarily to limit the use of abusive tax shelters, but also ...

Generally accepted accounting principles dictate that rent expense should be shown on the financial statements of a business as a consistent amount from month to month. In accounting parlance, that's ...

Whether your small business involves renting out your vacation home while you aren't in it or purchasing property to rent to tenants on a long-term basis, you must report rental income and pay taxes ...

Q: I'm a new manager of a small apartment complex and would like to know how to figure out prorated rent for February. Is it the same amount as if the month had 30 or 31 days? A: Prorated rent is the ...

If you own a rental property and want to take advantage of the tax breaks at your disposal, one thing you’ll definitely want to know is how to calculate depreciation. This nifty accounting trick ...