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Renting Your Property? Consider These Implications

Rental PropertyA few weeks ago, we received a call from a dentist who was considering purchasing a property in Florida. He wanted to use the property himself as well as use it as a rental, and wanted to know what pros and cons he should consider, especially the tax implications.

It’s a call we’re receiving quite frequently from dentists. With today’s depressed market values, the interest in purchasing real estate is certainly understandable, but it’s important to understand the tax implications of the purchase.

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Rea & Associates, Inc. | Bright Dental CPAs | 7201 Center St, Mentor, Ohio 44060-4858
phone + 440-266-0077