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Standard Deduction and Depreciation of Rental Property
I would like some clarification.
When I filed my taxes, Turbotax said I should take the Standard Deduction. I was wondering when I take the depreciation on a rental property and also when I take Student loan interest deduction (1098-E) why they are not considered itemized deductions? And why they reduced my taxbale income when I take the Standard deduction?
‎June 23, 2025
9:23 AM