The New Math Of Renting Out A Property
Even if you’re not a landlord now, listen up, because you may want to become one.
The new tax law has changed the equation weighing whether to rent a property or be the sole tenant throughout the year.
If you purchased a home in 2018, only the interest paid on the first $750,000 of the mortgage is deductible — that’s down from $1 million under the old rules.
However, a rental property is not subject to the limit...
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