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Why when I choose rental qualified as trade or business I end up see higher tax due?
My husband is a real estate agent and we have rental properties that he manages. I thought rental qualifies as a trade or a business should lower the tax due. But when I click "yes" to that question, my tax due actually is higher than if I choose "No" to that question. Anyone knows why?
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‎February 12, 2022
1:53 PM