Answer by Anna M Brocco
When it comes to any tax related questions, it's really in your best interest to consult with your tax professional, and or tax attorney....
View ArticleAnswer by Ron Thomas
It is if your Tax Professional set it up that way. We cannot answer this for you, Your Tax person has to answer it. Good luck and may God bless
View ArticleAnswer by Oleg Polonsky
Good evening, ElmoElmo. I am sure that your CPA will be happy to answer this question for you. In the meantime, I live in Kensington, and I will be happy you with your transactions here. Good luck!
View ArticleAnswer by Keith & Kinsey Schulz
In most cases mortgage interest on a rental is deductible. We are able to deduct the interest on our personal rentals. Although, I'll give the same disclosure as everybody else... check the your tax...
View ArticleAnswer by Gena Bolton
I know your looking for a simple yes or no answer and seems like in real estate these days we all defer to a legal source - and in this case your tax adviser and yes please use them not us....: But...
View ArticleAnswer by Annette Levinson
Your accountant will do a Schedule E in which you deduct mortgage interest from the rent you receive besides other things. You need to speak to your accountant.
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