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Updated over 1 year ago on . Most recent reply

User Stats

3
Posts
3
Votes
Dustin Harmeyer
  • Ohio
3
Votes |
3
Posts

Tax advice and/or help

Dustin Harmeyer
  • Ohio
Posted

Hello. Bought first rental property this year. Using as LTR in central Ohio. Any advice and tips for helping maximize tax benefits of rental property? Appreciate any advice. Thanks in advance. 

Most Popular Reply

User Stats

12
Posts
9
Votes
Austin Delk
  • Columbus, OH
9
Votes |
12
Posts
Austin Delk
  • Columbus, OH
Replied

Hey Dustin, my biggest piece of advice would be to create a separate bank account for all rental activity (rent income/expenses) so you don't get that mixed in your personal finances. This will help your CPA out a lot and will CYA in the odd chance you get audited down the road. 

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