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Updated over 3 years ago,
Income Cap for Rental Deductions?
Bought my first SF rental in 2017. Was excited to begin doing my taxes and deduct all my expenses I spent in re-hab, travel, etc. Turbo tax is indicating that if you make over $150k then rental deductions are not allowed? Is that correct? Tax savings is supposed to be one of the greatest benefits of being a landlord. Would hate to miss out on it.