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[quote=Anonymous]I have a large long term rental since the 90's. Get a CPA to do it, they think of things you'll never know about and are up on the new laws. Keep all your receipts in a folder. For example: any work done, hardware, painting, pool service, home depot, landscaping, advertising, credit check expenses etc. Never throw them away because if you sell the home you can use all that for depreciation to offset the taxes you will have to pay. Do NOT do Turbo Tax.[/quote]
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