https://innago.com/understandi....ng-landlord-tax-clas
Understanding landlord tax classifications is essential for property owners to ensure compliance and optimize tax benefits. Landlords typically fall under the real estate rental classification, which means rental income is subject to income tax. Additionally, property owners can deduct expenses related to maintenance, property management, repairs, and mortgage interest. However, properties may be classified differently based on use—residential or commercial, with varying tax implications. Residential properties may qualify
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