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Investors & landlords
This will be a high income year,
Do you have a mortgage on the rental property? If you do, chances are "EXTREMELY" unlikely that you will actually show a profit on that rental income. In fact, it's "rare" for rental property to "ever" show a taxable income on paper at tax filing time - particularly if there's a mortgage on the property.
‎December 13, 2019
12:19 PM