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[Music] hi im andy panko owner of tenon financial welcome to retirement planning demystified owning rental properties can provide a good source of income in retirement but the tax implication of rentals can get pretty complicated while its impossible to cover all the rental tax angles in one video this video will at least discuss the basics of rental property taxation and be sure to like this video subscribe to this channel so you can be notified when i release additional videos some of which will be extra content about rentals but before we start remember this video is only general explanations and education its not specific tax legal or investment advice before considering acting on anything you see in this video first consult with your tax legal or investment advisor to try to tie everything together im going to use the same example throughout this video its going to be a house that you buy specifically to use as a rental and you eventually sell it after years of renting it out