Property depreciation is the gradual reduction in the value of a property over time due to factors like wear and tear, which can be used for tax deduction purposes. Property depreciation is typically ...

Generally accepted accounting principles dictate that rent expense should be shown on the financial statements of a business as a consistent amount from month to month. In accounting parlance, that's ...

Calculating return on investment (ROI) on a rental property is essential for understanding its profitability and making informed decisions as an investor. ROI measures how much profit you’re ...

Investing in real estate, and more specifically in rental properties, can be one of the most lucrative and safe investments people can make. With long-term appreciation, a monthly cash-flow and tax ...

You may be able to deduct some losses from rental properties on your income taxes but not all. Internal Revenue Code Section 469 was passed primarily to limit the use of abusive tax shelters, but also ...

Q: I'm a new manager of a small apartment complex and would like to know how to figure out prorated rent for February. Is it the same amount as if the month had 30 or 31 days? A: Prorated rent is the ...

Notional rent is the rent that you are assumed to have earned under the Income Tax Act, 1961 even if you don’t actually earn any rent on a property. The provision was introduced to discourage ...

Deferred rent expense adjusts for uneven payments across a lease term. Monthly financials use a straight-line rent expense, averaging total lease payments. Use of deferred rent accounts balances ...

If you own a rental property and want to take advantage of the tax breaks at your disposal, one thing you’ll definitely want to know is how to calculate depreciation. This nifty accounting trick ...