The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
According to Stout, nearly 8 million renter households could experience eviction as many Americans face difficulties paying rent as unemployment has been at an all-time high due to the pandemic. In turn, real estate investors who rely on income from rental properties may face financial pressures as they work to keep their business afloat. Our resource provides information that could be valuable to your readers, such as :
A comprehensive table and formula to help calculate taxable rental income
COVID-19 tax implications one can expect when filing rental property taxes
Additional COVID-19 resources and a list of tax benefits available to rental property owners
Continuing reading more on the Ultimate Guide To Rental Property Tax Benefits.