Discussion:Rental Property Losses & Sch A
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Discussion Forum Index --> Tax Questions --> Rental Property Losses & Sch A
| 20 June 2007 | |
| Have a situation where the client is over the 150k for deducting Sch E 25k losses (100% Rental Property). I am thinking that I can probably take the mortgage and RE tax expense on the rental prop. through schedule A to maximize otherwise deductible expenses. Don't see where the code would prohibit this treatment.
Any comments are helpful. Thanks, | |
Death&Taxes (talk|edits) said: | 20 June 2007 |
| Try Interest tracing rules | |
| 20 June 2007 | |
| also, would a rental qualify as a principal residence or second residence? | |
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