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If you rent/lease property that does not generate a profit or breaks even- is that something that is tax deductible?

 
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If you rent/lease property that does not generate a profit or breaks even- is that something that is tax deductible?

Read through the IRS topic at the link below and provide more details here.

 

https://www.irs.gov/taxtopics/tc414

 

 

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