Showing posts with label Charleston Rental Owners. Show all posts
Showing posts with label Charleston Rental Owners. Show all posts

Tuesday, August 19, 2014

Charleston Rental Owners Take Advantage of Tax Benefits

As a homeowner in Charleston, you are pleasantly reminded each April 15th that the interest portion of your mortgage payments is 100% tax deductible. When you own a Charleston, SC rental property, though, the tax implications are considerably different. You need to report rental payments you receive from your tenants as income—but you’ll also be able to write off some related expenses, as well.