Investment Property: How Much Can You Write Off on Your Taxes?
Zillow
JULY 11, 2019
You can only deduct mortgage interest and repairs you make that restore the property to its original minimally functional condition. You can't deduct capital investments like new buildings, additions or renovations. If you're in the 28% tax bracket, you'll pay a 28% tax on short-term capital gains. Advertising fees.
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