Big Tax Bill
Need info on new BBB in congress from Trump. Wife and I are in the 70's. This is the first year of both getting RMD's and this will push income up big time.
Is there any benefit of owning a 2nd rental home from a tax perspective and what are the tax limits for eliminating the potential savings. IE, what is the income limit when you do not get to deduct losses?
I plan on using Turbo Tax or a tax guy but want the experience from someone who has a 2nd rental home.
DJ
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