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Deductions & credits
"This deduction is not limited to the amount of net investment income."
Nolo appears to be comparing the RE tax deduction to the ability to deduct interest (mortgage or other). The interest deduction is limited to investment income. The RE tax deduction is not. But a separate provision limits the RE tax deduction to $10K.
‎September 2, 2019
4:12 AM
10,787 Views