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Investors & landlords
knazifi,
Sorry, but at the federal level, expenses incurred when producing income, are currently not deductible for 2019, nor were they last year. They can be a miscellaneous itemized deduction on your state return in at least some states, e.g. CA, but such miscellaneous expenses have to add up to over 2 1/2% of your adjusted gross income to have any effect.
‎April 29, 2020
8:37 PM