Investment Property: How Much Can You Write Off on Your Taxes?
Zillow
JULY 11, 2019
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. Depending on your marginal income tax bracket, these taxes could range from 0% to 15%. Legal fees related to your investment properties or business.
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