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Can I deduct Life or Health Insurance Payments on my Taxes?
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If you own rental property, you may be
able to deduct life and health insurance payments on your taxes.
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What?
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Costs to insure rental property are deductible... |
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Huh? |
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Depending on how you structure your rental business, you may be able to cover your life and
medical insurance as part of the rental business... |
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Okay...
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| Structuring your rental property as a Limited Liability
Company (LLC) may permit you to deduct these costs for
you and your family...
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Right...
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You may want to refer to IRS Publication 535 to learn more about business expenses.
Be sure to consult with a tax advisor to consider your specific circumstances. |
To learn more about how to take control of your Real Estate
Investments and Taxes, check out RealTaxTips at
TReXGlobal.com.
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