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Investors & landlords
After reading a few articles it seems like our 2nd property would be considered and investment property but we still dont understand how to take the deductions for the carrying costs or capitalize them via the cost basis of the property???? ANy help on process and if this is correct would be helpful as we dont understand even how to make the declaration to add it to the cost basis. The other posting was unclear. Thanks in advance.
‎April 13, 2021
4:56 PM