Real Estate Investing
For real estate investors, how you rent out your property can significantly impact your finances at tax time. Tax incentives, tax breaks, and tax deductions all play a role in the real estate investment game. Do you know how to make the most of your real estate investments?
Get quick answers to your annuity questions: Call 800-872-6684 (9-5 EST)
If you are a real estate investor, you can get tax breaks for your financing, operating, and managing costs. Financing includes everything from interest payments on your mortgage to insurance costs to maintenance, travel, and advertising expenses. In addition, do not forget to deduct the appreciation of your real estate. You can deduct all of these expenses from your personal income when filing your tax return, although your total real estate deductions cannot be in excess of the total amount of income your receive from your real estate investment (i.e., rent).
I contacted Immediate Annuities.com to buy one of my immediate annuities. They were prompt, very responsive, paid attention to detail, understood my objectives, and were superb when it came to staying on top of seeing the funds transfer and issue of new policy documents through to completion.