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Investors & landlords
Unfortunately, as in the answer, the best you can do is break-even from a tax point of view: "What you are NOT allowed to do, because it is your own home (you have "personal use") is claim a loss from this activity, to offset other income. Because of the "personal use rule", your deductions are limited to your income. Net effect ZERO." Hope this helps.
‎June 3, 2019
11:24 AM