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Tax Liens & Mortgage Notes

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Ganesh Rao
  • Investor
  • Bellaire, TX
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Deductions

Ganesh Rao
  • Investor
  • Bellaire, TX
Posted Oct 3 2016, 12:38
Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over the cap, can nothing be deducted?

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