- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Side Note: The mortgage int and prop tax is a $23K deduction and the rental expenses I paid (utilities, mgt fee, ins) are over $8K: only collected $11K in rent. The $23K more than offsets the $11K and any of the $8K above my 2% misc is icing on the cake. Have to go this way since trying to claim as as a Rental would result in a significant loss (passive carry-over) and the low rent would be a definite Red Flag.
May 31, 2019
6:23 PM