Inflation Investing, Asset Location, and Real Estate Retirement Spitball - 403
Your Money, Your Wealth
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Can I Deduct Closing Costs?
The rent will be received October 22 through February 23rd, $3,000 a month with your trips to Hawaii and Italy. Just bought a second home that includes a lease back for four months. Is this considered rental income that must be reported to the IRS? If so, can we deduct any of the closing costs or other expenses like buying new furniture for the place?
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