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16 October, 13:20

What is the tax court method for allocating rental property expenses

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  1. 16 October, 14:36
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    Under the IRS Method, you allocate more of the interest and taxes to the rental property. As a result, the rental deductions are more than the income and $1,407 of the depreciation deduction is disallowed ... Decide which method is best for your clients in the first year they deduct rental expenses.
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