11/24/2025
🏡 Attention Rental Property Owners! 📣
Tax season is sneaking up, and if you own rental real estate, the right planning can save you thousands. At Millhouse Accounting, we work with rental owners across Northeast Wisconsin every day. Whether you have a single home, duplex, or a full portfolio, we’re here to help you keep more of what you earn. 🙌
Here are a few smart rental-property tax tips we help clients with:
✨ Depreciation Done Right
Don’t leave deductions on the table. Every rental property gets depreciation, and bonus depreciation + cost segregation studies can massively accelerate your write-offs.
💡 Track Those Improvements
Not everything is an expense! Upgrades like roofs, windows, HVAC, and flooring may need to be capitalized. BUT, this can work in your favor with accelerated depreciation options.
📁 Keep Great Records
Mileage to the property, supplies, repairs, tools, home office, interest, insurance, utilities, management fees—these all add up. Good records = bigger deductions.
🏘️ Short-Term vs. Long-Term Rentals
Airbnb/VRBO properties follow different rules. In some cases, you may qualify for material participation, unlocking special tax treatment most tax preparers overlook.
If you’re a rental property owner and need tax planning, tax prep, or guidance on expanding your real estate portfolio, we’re here to help. We’re family-owned, veteran-owned, and proudly serve clients of all sizes here in Northeast Wisconsin. 🇺🇸💼
Send us a message or call/text us to get started today! 📲