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Property expense tax deduction
Hello.
I'm planning to buy a house later this year and rent out the apartment I'm currently residing in.
Questions:
1. What expenses can be claimed as tax deductions on my tax return?
2. Does that mean I have to choose itemized deduction instead of standard deduction?
3. Any advice can you give me in the process of purchasing and renting to reduce tax?
Thank you.
‎July 27, 2022
10:25 AM