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Owning an Airbnb or other rental property can be a good investment, especially if the property is located in a prime location. According to one report, the average Airbnb host earned more than ...
In this case, you may be able to deduct an additional 20% of your rental income using the qualified business income deduction that was created by the Tax Cuts and Jobs Act of 2017.
Getty By Tony Armstrong With the increasing popularity of the so-called sharing economy, more people than ever are getting paid for tasks like giving someone a lift, playing with dogs while their ...
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In general, taxpayers cannot deduct rent from their federal income taxes. However, some states offer a renter's tax credit.
Most HOA fees are not tax deductible, but there can be exceptions. “As is often the case in federal tax, the answer is — it depends,” said Karen Wallace, assistant professor in Adelphi ...
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The Tax Cuts and Jobs Act (TCJA) of 2017 put an end to the deductibility of financial advisor fees, as well as a number of other itemized deductions. As of January 2018, these fees no longer ...
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