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Updated about 2 years ago,
Tax questions regarding rental property
Hello, so I own a 2 unit property, I live in one unit and rent out the other. I bought the property in 2022. We renovated the unit the tenant is living in and spent 35k. I pay the the water bill and pay for the internet for the tenant as well. We also pay a monthly payment because we financed the replacement furnace. Is all this tax deductible? Thanks