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Tax Deduction 2nd Home
My wife and I purchased an investment property 16 miles from our primary home in 2019. In 2020, we had to financially help my mom and moved her into the property. We no longer receive rental revenue for the property. What are we allowed to deduct from the property’s expenses (i.e. mortgage interest payments, property taxes, HOA fees, utilities, repairs, maintenance, etc.)
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December 27, 2020
7:16 AM