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Updated over 6 years ago,
Standard deduction and rental properties
Can anyone shed light on how/if taking the standard deduction impacts rental property deductions?
I run an unrelated business from home as a sole proprietor that will be impacted by the change, but my understanding is that we can still take all appropriate deductions on rental properties. We have self-manged properties in LLCs and in our own name.
- Jamie Brayton
Rooted Maintenance and Development