An Investor's Guide to Tax Time
She's On The Money
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How to Claim Interest Expenses on Your Rental Property
You can claim expenses for making repairs to the rental property. You can also claim interest expenses where you have prepaid for up to 12 months in advance. So if you've got a service and you're paying for health insurance or something like that, it's cheaper to pay for it all at once rather than do it over time. If you bought an air conditioner today but are going to sell it tomorrow, it wouldn't be worth two grand. And in 10 years, I guarantee there's a way better version out there. That's exactly what a depreciating asset is. It's just unreal that you can claim that. We should do a whole podcast about wealth privileges because you get
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