Tips from T-ReX

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Fremont, California

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Tips from T-ReX

March 2008

TaxTip about Auto Expenses You Can Actually Deduct

Mar. 26, 2008
Categorized in: TaxTips
Tagged with: auto expenses, taxtips
Starred by: 1 Member
Vehicle expenses paid exclusively for rental activity can be fully deductible. Using the actual expense method instead of the standard mileage rate might be more beneficial if your vehicle incurred a lot of expenses during the year.

TaxTip about Depreciation

Mar. 10, 2008
Categorized in: TaxTips
Tagged with: depreciation, taxtips
Starred by: 1 Member
As a rental property owner, there are no tax benefits to making principal payments for your property - you only get to right off the interest. As a result, many people get taxed on their income from rental properties, and if you are like me, you don’t w
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