Real estate investors often face a common challenge: how to grow their portfolio without losing a large portion of their profits to taxes. A 1031 Exchange, particularly beneficial for a rental property, offers a solution.
As a rental property investor, you are entitled to several deductions that can significantly reduce your taxable income. These range from immediate expenses like repairs and maintenance to long-term benefits like depreciation. Understanding what deductions you can claim is crucial for maximizing your return on investment.