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RE: TaxTip about StartUp Expenses that you can Deduct
Now that the kids have gone back t...

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Can I deduct Life or Health Insurance Payments on my Taxes?
Posted at Tips from T-ReX by T-ReX Global
Aug. 13, 2008
Categorized in: TaxTips
Tagged with: real estate professionals, tax tips
Starred by: 1 Member
Can I deduct Life or Health Insurance Payments on my Taxes?
If you own rental property, you may be able to deduct life and health insurance payments on your taxes.
What?
Costs to insure rental property are deductible...

Huh?
Depending on how you structure your rental business, you may be able to cover your life and medical insurance as part of the rental business...

Okay...
Structuring your rental property business as a Limited Liability Company (LLC) may permit you to deduct these costs for you and your family...

Right...
You may want to refer to IRS Publication 535 to learn more about business expenses. Be sure to consult with a tax advisor to consider your specific circumstances.

To learn more about how to take control of your Real Estate Investments and Taxes, check out RealTaxTips at TReXGlobal.com.

Niman @TReXGlobal.com
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