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Top 10 property management tax deductions for 2025

Buildium

Those expenses include airfare or other transportation costs and hotel or other lodging expenses. Deductions on Legal and Professional Services You can deduct fees that you pay to attorneys, accountants, consultants, and other professionals if the fees are paid for work related to your business.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

You can also deduct your expenses such as airfare, transportation, and hotel when you go out of town for business. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. For 2024, the standard mileage rate is 67 cents per mile.

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After a Wildfire: Essential Steps for Property Recovery

Beach Front Property Management

Reach out to a contractor for an additional estimate to ensure accuracy. These policies may also cover the “loss of use” of your home and additional living expenses (ALE), including rent, hotel stays, meals, transportation, clothing, and other costs, up to a limit, if the fire makes your home uninhabitable or inaccessible.

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