Don’t Miss These Commonly Overlooked Tax Write-Offs for Real Estate Investors
- Nelisa Lee
- Feb 13
- 2 min read
Tax season can be stressful for real estate investors, but maximizing your deductions can make a significant difference in your bottom line. Unfortunately, many investors miss out on valuable write-offs simply because they don’t realize they qualify.
To help you stay ahead, I’ve put together a list of commonly overlooked tax deductions. Screenshot this list and make sure you’re getting the tax savings you deserve!
Commonly Overlooked Write-Offs:
Home Office Deduction – If you use a dedicated space in your home for managing your rental properties, you may be eligible for a deduction.
Mileage and Vehicle Expenses – Tracking miles driven for property visits, showings, and maintenance trips can add up to significant deductions.
Depreciation – A major tax advantage for real estate investors! Depreciating your property allows you to offset rental income.
Legal and Professional Fees – CPA fees, legal consultations, and bookkeeping services are all deductible business expenses.
Repairs vs. Improvements – Repairs can often be written off immediately, while improvements must be depreciated over time. Knowing the difference is key.
Advertising and Marketing – Costs for online ads, signage, and promotional materials are deductible.
Education and Training – Courses, seminars, and industry-related books can be written off if they help you improve your investing skills.
Travel Expenses – If you travel to manage properties out of state, a portion of those expenses may be deductible.
Tenant Screening Fees – Background checks, credit reports, and application fees you pay as a landlord can be written off.
Insurance Premiums – Rental property insurance, landlord liability insurance, and even umbrella policies are deductible.
Stay Proactive This Tax Season
Maximizing your deductions starts with good record-keeping. Keep track of every expense, save your receipts, and consult with a qualified CPA to ensure you’re taking full advantage of tax-saving opportunities.
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The information provided here is for general informational purposes only. Always consult with a qualified CPA or tax professional to ensure you are maximizing your deductions and complying with tax laws.
