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I rent my old primary residence out for $1250/ month and the mortgage on the property is $1031/ month. Is my rental income $1250 x12 or ($1250 -$1031) x12?
This property is in another state than my current primary residence. Also the rental property was my primary residence for 7 years before I rented it out. I also rented it out for the whole year from Jan - Dec
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‎June 1, 2019
8:39 AM