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Investors & landlords
I too just filed my taxes and my tax professional is giving me the same answer. I wanted to do exactly what you are saying and consider these costs line item expenses that came out of my pocket and reduced my rental income which in turn reduces my taxable income. She wouldn’t let me do it. I understand where the expenses are going, but I feel cheated because these expenses could’ve been money in my pocket going towards my new loan rather than going into some real estate agent’s pocket. This is frustrating.
February 5, 2024
3:34 AM