Can someone who understands taxes give me a basic understanding of how owning a rental property can be or is used as a tax shelter or a method of reducing what you pay in taxes?
Are you a snitch IRS agent bro
Laziest IRS agent ever.
When you own income producing properties there are tax programs that can be beneficial.
Read about::
Depreciation
Tax deductible non mortgage expenses (repairs)
Mortgage deductions
Capital gains
And 1031 exchanges.
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No man. No
Lazy… kind of
Irs agent. Nope
Too fn busy to do my own research lately… absolutely.
Your other post seems like it will help me narrow down what I research and read up on… thank you