Real Estate Investors: 7 Key Tax Strategies in Fort Myers

Southwest Florida is booming with real estate opportunities, from residential rentals to commercial properties. But investors who fail to plan their taxes often lose a big share of their profits. At MarkhamNorton in Fort Myers, we help investors protect earnings and stay compliant.

Here are 7 tax strategies for real estate investors.

1. Use Depreciation Wisely

Claim depreciation on properties to offset taxable income.

2. Take Advantage of 1031 Exchanges

Defer taxes by reinvesting sale proceeds into another property.

3. Track All Deductible Expenses

Include property management fees, repairs, insurance, and mortgage interest.

4. Structure Your Business Properly

LLCs often provide liability protection and tax advantages.

5. Plan for Capital Gains

Long-term investments receive favorable tax rates compared to short-term flips.

6. Deduct Travel & Mileage

Travel to inspect or manage properties is deductible.

7. Work With a CPA

A real estate CPA ensures compliance with changing laws and maximizes deductions.

FAQ

Q: Can I deduct home office expenses if I manage properties from home?A: Yes, if the office is exclusively used for managing your rental business.

Q: What is a 1031 exchange?A: It lets investors defer capital gains taxes by reinvesting in a new property.

Grow your portfolio with real estate tax strategies from MarkhamNorton in Fort Myers.

Schedule a consultation today.