For many, the prospect of turning their property into a source of rental income is very exciting. However, that excitement can turn to confusion when it comes to taxes. This flowchart can help you have a better understanding of how taxes play a role in renting out your property.
![Flowchart: Is My Rental Property Tax Deductible?](https://searcyfinancial.com/wp-content/uploads/2024/03/Tax-Rent.png)