5 Biggest Depreciation Mistakes Landlords Make on Their Tax Return

Landlords, it is time to listen up, so you don't make these mistakes! Watch today's video to get informed about the most common depreciation mistakes we see on landlords' tax returns!
Are you a landlord with tax needs? Call us at 866-8000-TAX or fill out the form at choicetaxrelief.com/
Table of Contents:
0:00 The 5 Biggest Depreciation Mistakes that Landlords Make
1:53 Not Taking Depreciation At All
4:06 Not Calculating Basis Correctly
6:46 Depreciating Land As Well As Building
9:24 Depreciating Over the Wrong Number of Years
10:45 Taking Bonus Depreciation on the Entire Rental Property
#IRS #taxreturn #taxfiling #landlord

[@bmc9587]

Great video. I own 1 rental property and this by far is the most complex part of my tax return. After watching your video im 50/50 confident I am doing the taxes properly. But I think I may need to start using a pro for my returns. Sometimes it gets confusing. But at least I file for the property. I know several people that don't file. Rent under the table. But they are leaving good deductions on the table. When making under 100k a year you can really use 100% of those deductions to your benefit. Between 100-150k you can at least use 50% of them.
Would love to see you do a video on the benefits of passive loss for non real estate pros. Or maybe you already have and I didn't see it yet.