- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Seems like there is a bug in something in the code. When I add expenses into my rental property, it causes my taxes to go up not down.
It's an expense that makes me less profit so I should have fewer taxes, not more.
Topics:
June 4, 2019
2:04 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
This may be due to the way EIC is calculated (on a bell curve, using both earned income and AGI).
You are required to claim your expenses, though.
June 4, 2019
2:05 PM