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Updated over 3 years ago on . Most recent reply
Impact of deductions explained
New here and understand the general concept of deductions on income. Could someone explain with simple math. Let's say a $300K 4 unit bldg with total gross rent of $3K & $1K/mon operating expenses (trying to keep math simple). $240K loan @ 4% interest. That would be roughly $36K gross income and $12K operating expenses for $24K net income.