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Buying & Selling Real Estate

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Daniel Lapin
  • Manalapan, NJ
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Closing cost

Daniel Lapin
  • Manalapan, NJ
Posted May 6 2015, 17:53

This is more of a tax related issue. When i buy a property and my closing cost let say 10K, how much can i write off this year? I heard i will not be able to write off 10K in one year so if i cant write off in one year then over how many years?

Thank you,