Potential Tax Benefits of Owning Multifamily Real Estate
Every real estate investor should be familiar with some of the tax benefits of multifamily properties. Multifamily investors who own rental properties can benefit from tax deductions such as capital gains tax deferral, depreciation expense write offs, operating and owner expense deductions, and avoiding FICA tax. To claim these benefits, the US Internal Revenue Service (IRS) requires rental property investors to keep good records as well as a paper trail.