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  2. 11 Tax Deductions You Can Take If You Have Rental Income - AOL

    www.aol.com/11-tax-deductions-rental-income...

    You also cannot deduct more than your share of a property’s expenses if you’re not the sole owner. See Next: 6 Reasons Your Tax Refund Will Be Higher in 2025 Definition of Rental Income

  3. Is Rent Tax Deductible? - AOL

    www.aol.com/finance/rent-tax-deductible...

    While homeowners can deduct property taxes and mortgage interest during tax season, rent paid on a personal residence is typically not deductible on federal taxes.

  4. Writing Off Losses on Sale of Investment Property - AOL

    www.aol.com/finance/writing-off-losses-sale...

    Before selling rental properties or other investment real estate at … Continue reading → The post Writing Off Losses on Sale of Investment Property appeared first on SmartAsset Blog.

  5. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    Under rules contained in the current Internal Revenue Code, real property is not subject to depreciation recapture. However, under IRC § 1(h)(1)(D), real property that has experienced a gain after providing a taxpayer with a depreciation deduction is subject to a 25% tax rate—10% higher than the usual rate for a capital gain.

  6. Negative gearing - Wikipedia

    en.wikipedia.org/wiki/Negative_gearing

    In general, taxpayers can only deduct expenses of renting property from their rental income, as renting property out is usually considered a passive activity. However, if renters are considered to have actively participated in the activities, they can claim deductions from rental losses against their other "nonpassive income". [15]

  7. Loss on sale of residential property - Wikipedia

    en.wikipedia.org/wiki/Loss_on_sale_of...

    To calculate the loss on residential property that was converted into a rental, prior to the sale of the property, Treasury Regulation section 1.165-9(2) states that the basis of the property will be the lesser of either the fair market value at the time of conversion or the adjusted basis determined under Treasury Regulation section 1.1011-1.

  8. Selling a rental property? Here are the tax consequences - AOL

    www.aol.com/news/selling-rental-property-tax...

    Answer: Talk to a tax pro, because selling a rental property is more complicated than selling your personal home. You’re not eligible for the $250,000-per-person home sale profit exclusion, and ...

  9. 1231 property - Wikipedia

    en.wikipedia.org/wiki/1231_property

    Ordinary losses are 100% deductible, while capital losses are subject to an annual deduction limitation of $3,000 against ordinary income. Within this framework, if capital losses exceed capital gains by more than $3,000 in any given tax year, the portion of the deduction that may be used to offset ordinary income is limited to $3,000; the ...