Asked by Simon Weierman, 45036 • Thu Feb 5, 2009
I am about to purchase a small second home and set it up as a rental property. Will the new Senate bill providing 15K deduction from your gross income on your taxes for new home purchases apply in this scenario? Also, I am likely to make a large number of improvements up front....any way I can deduct these expenses or is this not possible (only repairs applying)? Thanks.
Real Estate in Lebanon
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