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February 2016

Found 2 blog entries for February 2016.

Although being a landlord certainly has its cons, tops among its pros are the tax deductions rental homeowners enjoy.

From finding tenants to fixing faucets, renting out a home can be a lot of work. If that doesn’t dissuade you, you’ll appreciate collecting the rent checks and taking advantage of tax deductions.

In fact, you can use many rental property expenses to offset your rental income. IRS Publication 527 has all the details.

Writing Off Rental Home Expenses

Many rental home expenses are tax deductible. Save receipts and any other documentation, and take the deductions on Schedule E. Figure you’ll spend four hours a week, on average, maintaining a rental property, including recordkeeping.

In general, you can claim the

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Luxury home sales continued to be one of the fastest growing housing segments in Texas’ largest markets in 2015, according to the 2016 Texas Luxury Home Sales Report released today by the Texas Association of Realtors. The report cited sales volume increases from 4.5 percent to 36.4 percent for homes sold at $1 million or more in Texas’ four major markets. Based on data analyzed by the Real Estate Center at Texas A&M University, the Texas Luxury Home Sales Report analyzes trends in homes sold for $1 million or more from January through October 2015 in Texas’ four largest markets.

A popular trend for homebuyers in this price class is to purchase homes on smaller lots, but in more desirable locations and with higher-end amenities. The Houston market saw

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