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15 Costly Tax Mistakes Landlords Make (And How to Avoid Them)

Leaseway Team

Leaseway Team

Property Management Experts

December 22, 202513 min read
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Tax forms and calculator for rental property tax preparation

Article Summary

Don't leave money on the table or trigger an audit. Learn the most common tax mistakes landlords make and how to avoid them.

Published: December 22, 2025Updated: December 24, 2025

Landlords overpay taxes every year due to common mistakes. Here are the 15 most costly errors and how to fix them...

Sources & References

  • IRS Publication 527 - Residential Rental Property
  • AICPA - Rental Property Tax Guide
  • BiggerPockets - Tax Mistakes

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About the Author

Leaseway Team
Leaseway TeamProperty Management Experts

The Leaseway Team brings together decades of combined experience in Indianapolis property management, real estate investing, and landlord-tenant relations. Our experts are dedicated to helping property owners maximize their investments.

Licensed Indiana Property ManagersNARPM Members500+ Properties Managed

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Table of Contents

  1. 1.Mistake 1: Not Taking Depreciation
  2. 2.Mistake 2: Confusing Repairs vs Improvements
  3. 3.Mistake 3: Misunderstanding Passive Losses
  4. 4.Mistake 4: Missing Home Office Deduction
  5. 5.Mistake 5: Not Tracking Mileage
  6. 6.Mistake 6: Poor Record Keeping
  7. 7.Mistake 7: Not Issuing 1099s
  8. 8.Mistakes 8-15: More Costly Errors

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