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What will the new tax bill do to mortgage and taxes write offs on investment properties?

by allus70767 from Commack, New York. Nov 28th 2017 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Really, nothing.. There is no change specifically related to schedule E, which is where your rental properties and expenses are listed.. President Trump had said you would be able to do your taxes on a post card. .and that might be true if you are a low income earner doing the 1040-EZ. but if you have any investments, own rentals, own a business or are a high income earner, then your tax bracket will change.. and it's possible your taxes might go up, depending on your income, but in regards to rental properties.. nothing has changed.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Nov 29th 2017
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