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Monthly Archives: November 2024

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Can I Deduct That? Personal Use of Rental Property

Tax Tips for Real Estate ProfessionalsBy Emily WilliamsNovember 3, 2024

When you own rental property, one of the key tax benefits is deducting rental expenses from your rental income, but things can get more complex when you also use the property for personal purposes. Real estate investors may purchase properties based on the appeal of using it for vacations, family reunions, or making it available…

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