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Investors & landlords
Would Tax Topic 415 change this answer?
https://www.irs.gov/taxtopics/tc415
"You won't be able to deduct your rental expense in excess of the gross rental income limitation (your gross rental income less the rental portion of mortgage interest, real estate taxes, and casualty losses, and rental expenses like realtors' fees and advertising costs)."
Thank you for your thoughts!
‎July 14, 2020
7:30 PM