2-Deduction of Taxes and Interest on Principal Residence-Chapter 7

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7.2. Deduction of Taxes and Interest on Principal Residence 7.2.1. Limitations  The limitations for the deduction of taxes and interest on a principal residence primarily involve state and local taxes (SALT) and mortgage interest. Here’s a detailed explanation of these limitations: State and Local Taxes (SALT) Deduction The Tax Cuts and Jobs Act (TCJA) of […]

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Chapter 7-Income Tax Aspects of Real Estate-Summary3-Investment Real Estate-Chapter 7