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Investors & landlords
Nothing changes. but be careful. You didn't specify some information that could matter if you don't interpret the below correctly. For example, was the property a rental from the time you purchased it? Or was it your primary residence and you converted it to rental in 2016? The program will take either scenario into account. But it's so, so important that you read all information on every screen before you move on to the next screen. The small print MATTERS big time in most cases.
I've been a landlord with 3 rentals of my own for over 25 years now. So I can tell you from experience that correct interpretation of the TTX program is important. If you get something wrong or "guess" wrong, the monetary cost of a mistake gets proportionally higher over time for each year that mistake goes uncorrected. So don't guess ---- KNOW! Just ask for anything you're not sure of, or need further clarification on.
I've been a landlord with 3 rentals of my own for over 25 years now. So I can tell you from experience that correct interpretation of the TTX program is important. If you get something wrong or "guess" wrong, the monetary cost of a mistake gets proportionally higher over time for each year that mistake goes uncorrected. So don't guess ---- KNOW! Just ask for anything you're not sure of, or need further clarification on.
‎June 6, 2019
6:23 AM