I’m a landlord, so I can vouch that there are certain tax advantages to investment property. But it can be a bit complicated. Here’s one question that isn’t as straightforward as it sounds: Is investment property tax deductible?
You can’t write off the purchase price of your property on next year’s taxes. What you can do is depreciate the costs of the property over a span of 27.5 years, so that’s why I say the question of whether investment property is tax deductible isn’t a simple yes/no question.
David Farquhar is a computer security professional, entrepreneur, and author. He has written professionally about computers since 1991, so he was writing about retro computers when they were still new. He has been working in IT professionally since 1994 and has specialized in vulnerability management since 2013. He holds Security+ and CISSP certifications. Today he blogs five times a week, mostly about retro computers and retro gaming covering the time period from 1975 to 2000.
