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. If you're in the 28% tax bracket, you'll pay a 28% tax on short-term capital gains. Depending on your marginal income tax bracket, these taxes could range from 0% to 15%. Advertising fees.
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