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Reply to "anyone knows what's going on with this CCDC listing? "
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[quote=Anonymous][quote=Anonymous]If the owners become landlords, then the mortgage interest is considered a business expense? Are there any limits on the deduction in this case? [/quote] DP--pp is right, but generally yes, you can deduct the mortgage interest plus depreciation. Of course when you finally go to sell you owe capital gains on a higher amount. [/quote]
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