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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

1, 2026 (but it could be extended) and is not available to employees. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. You can qualify to deduct up to 20% of your net business income from your personal income tax return.

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Options For Deferring Taxes Without Buying Another Rental Property

Rental Housing Journal

Investors original capital gains taxes are deferred until their 2026 tax payment (typically Spring 2027). Investors should carefully evaluate fund structures, project feasibility, and regulatory compliance before investing in a QOF. Consulting a qualifiedtax professional or attorney can help ensure IRS compliance and mitigate risks.