HOW TO PREPARE FOR 2016 TAX FILING SEASON AS A PROPERTY OWNER

“With the New Year comes the challenging task of getting all of your documents together for your annual tax filing. As you prepare to file your return, you will need to collect all your receipts, interest payments, insurance premium payments, and a lot of other financial information. The more information you have on hand, the less you will owe at the end of the year. Real estate has some of the best tax protections in place to help keep investments profitable in the long run. Not much has changed for 2016, so if you own a single, mixed-use rental property or a high-rise apartment building, there are still plenty of tax deductions available to lower your amount due.”

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