Schedule E allows you to list all property expenses, including taxes, interest, insurance, and HOA fees. But the biggest one is Depreciation. This gives you the ability to take a deduction for something that really hasn't happened. If you want to see more reaction video like this, make sure to hit the follow button! #EdwardVerified #Depreciation #ScheduleE #OutsmartTheIRS #GetUpleveled credit(IG): Kalil Jones - @kaliljones_ @wealthypot SF0325 | Uplevel Entrepreneur

👨‍💻 How To Hack Your Taxes With A Schedule E 👷‍♀️ When you start investing in real estate, the write offs begin stacking up in your favor. You’ll get to write off things like travel, phone bills, flights, meals, and a lot more. My favorite write off is depreciation, because while you’re making money and your property is appreciating, depreciation actually makes it look like you’re losing money on paper. The tax code is filled with these amazing loop holes, but it’s just about having the knowl