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Loss on rental property disallowed
We had (16,962) in loss on a home we own that we rent below market value to our son/family. Major part of loss was $10,000 expense on new driveway. Losses disallowed on Sch E because our income is over $150,000. Can we claim the mortgage interest deduction and property tax payments on another part of our taxes?
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‎April 2, 2022
8:36 AM