Can I expense equipment purchased to maintain a rental farm?

Answer According to IRS Publication 225, equipment purchased to maintain a rental farm is a depreciated expense. The "interest, repairs, insurance, depreciation, and other expenses related to the equipmen... Read More »

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How to Know If Farmville Farm Equipment is Worth the Expense?

When you first start playing FarmVille, you'll have no choice but to plant, harvest, and plow by hand. As your farm grows and you move up to new levels, however, you'll have the opportunity to purc... Read More »

How to Expense Real Estate Depreciation With No Rental Income?

You may claim a depreciation expense for your rental property in a year you have no rental income if you plan on keeping the property as a rental income producing asset. You must depreciate your re... Read More »

Can flood insurance be purchased for rental income property?

Yes, for residential rental property, flood insurance can be purchased up to $250,000 or the replacement cost value of the property, whichever is lesser.

What is the State Farm rental dwelling policy?

People who own dwellings that they rent to tenants need insurance to protect themselves against possible losses. Whether a property is rented on a short- or long-term basis, a State Farm renter's p... Read More »