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21 March 2024 | 0 replies
Let's assume the 4 bedrooms are 25% of the square footage of your home.Let's say you make $80,000/year and you are in the 22% tax bracket.This will reduce the amount you have to pay on taxes over five years by: (Mortgage interest) x (tax bracket) x (the percentage of home used as rental) = $137,497 * 0.22 * 0.25 = $30,249.34 in tax savings.https://www.irs.gov/publications/p936https://www.irs.gov/help/ita/can-i-deduct-my-mortgage-related-expenses
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20 March 2024 | 3 replies
For example, property taxes are available to the public.
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20 March 2024 | 11 replies
If I've stated anything incorrectly this is just from my perceptive.
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22 March 2024 | 132 replies
It's always been a magical place and lately there's so much public and private investments that gives us further certainty about the destination.
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20 March 2024 | 19 replies
This very same IRS publication 463 says the exact opposite - if you bother to keep reading it.
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19 March 2024 | 7 replies
I am sharing this to further educate people on understanding bankruptcy and can share this info (since it’s public) with others.
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19 March 2024 | 6 replies
I am a teacher in Maryland public schools and looking for a big change!
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20 March 2024 | 19 replies
Not to mention, you have to ask each listing for it since it will no longer allowed to be shown on the public listing.
20 March 2024 | 21 replies
There are still deals to be found off market and even some publicly advertised like the one above.
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19 March 2024 | 6 replies
Some time delays, publicity to gain more government funding.