Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on reporting income and loss from residential rental property.

Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on the state and local tax ...

I own a residential rental property. In 2024, I fully replaced the roof by putting a brand-new roof on the building. Can I deduct the entire cost of the new roof on my 2024 tax return? No. For tax ...