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Investors & landlords
Thanks for the response, it sounds like I’m on the right track so far.
Previous years I’ve taken the standard deduction since I don’t have that many deductions.
Just to make sure I’m understanding it correctly. Let’s say the property tax was $1000 and assuming I’m taking the standard deduction this year, I should enter $251 for the property tax expense for the rental?
March 21, 2025
10:17 AM