2020 Could Be an Unprofitable Year for Rental Properties. Here’s How to Handle the Taxes

Economic fallout from the COVID-19 crisis and civil unrest could cause many rental real estate properties to run up tax losses in 2020 and maybe beyond. This column covers the most important federal income tax questions and answers for rental property owners.

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Standard vs. Itemized Deduction: Which One Should You Take?

Standard versus itemized deduction: Which one should you claim? If this question is weighing heavily on your mind as you file your taxes this now that all the new tax reforms have taken effect—then let this guide help you decide.

The post Standard vs. Itemized Deduction: Which One Should You Take? appeared first on Real Estate News & Insights | realtor.com®.

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