5 Tips For Reporting Investment Property Loans On Your Tax Return
When you buy and sell investment properties, you have to report the income you earn on your tax return, but you also get to deduct your expenses. Wondering how to account for a property investment loan on your tax return? Here is what you need to know. 1. The Loan Is Not Business Income When you receive a loan, it feels like revenue. After all, this is the money you use to make your investments possible.