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Reply to "i own a rental condo; any good ideas about how to maximize deductions?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Do you have to claim the income? I haven't been claiming mine.[/quote] Lol, please don't let the IRS catch you. Of course you have to claim the income. Do you want to sit in jail for tax fraud?[/quote] How will the IRS find out that the unit is rented? I can own it just to own it. I don't deduct expenses, etc. but deduct property tax and mortgage interest.[/quote]
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