Asked by Sf_dad, San Francisco, CA • Tue May 8, 2012
I'm a home owner looking to find a rental so that I can be close to my children's school as least for the next few years. I should be able to rent out my home for about the same price as I would pay for a rental elsewhere, thus minimizing my financial. But I notice there is a catch. The rental income to me is taxable, while the rent that I pay is not tax deductible. So I really lose out on tax. Anyone familiar with this situation and if you have any advice?
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