Investors & landlords

Greatly appreciate your response!  I live in California, so it looks like I won't get an exemption out of it. I wish they would eliminate all these exemptions and just simplify the tax code and tax everyone fairly. I'm not a big fan of Trump, but the one thing he did I do appreciate was increase the standard deduction to the point I no longer itemize anything as it doesn't buy me anything. My taxes are much less of a chore, which is as it should be.