Remove 2026 Remove Attorney Remove Tenant
article thumbnail

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.

article thumbnail

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). QOZ Tax Law Updates As of March 2025, the tax deferral provisions under the Qualified Opportunity Zone (QOZ) program are legislatively set to expire on December 31, 2026. Due diligence is critical to making informed decisions.