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Updated over 9 years ago,

Robert P.'s profile image
Robert P.'s profile image
Robert P.
  • from New Bedford, Massachusetts
  • Member since Apr 21, 2015
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361
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Robert P.'s profile image
Robert P.'s profile image
Robert P.
  • from New Bedford, Massachusetts
  • Member since Apr 21, 2015
Connect
Robert P.
  • New Bedford, MA
113
Votes |
361
Posts
Starting Out

How will buying a 200k house and renting out impact Taxes?

Robert P.
  • New Bedford, MA
Posted

First time buying a home. Home is in Massachusetts. Will be renting it out. 

Any clues on how my year end taxes (not property taxes) will be impacted by purchasing a home, and now having more income coming in. (besides putting me in a higher tax bracket)

Anything I should be prepared for? Sorry if this question is broad.

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