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Updated about 17 years ago on . Most recent reply

Jason Schmidt's profile image
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Jason Schmidt
  • Member since Mar 14, 2008
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155
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Jason Schmidt's profile image
Jason Schmidt's profile image
Jason Schmidt
  • Member since Mar 14, 2008
Connect
Jason Schmidt
2
Votes |
155
Posts
General Landlording & Rental Properties

tax question on interest

Jason Schmidt
Posted

i was wondering - if i have 3 rental properties that bring in say, $1000 a month each - $500 of which for each house (or $1500 total) a month goes to principal, does that mean that my tax break would be $1500 x 12 for the first year? is that why renting is so powerful?

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