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But now, it’s a whole different. During the first year of owning a rental property, landlords can take a “bonus” depreciation deduction. You can deduct the interest on a home equity loan for rental property on your income taxes.
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Awasome Home Equity Indebtedness 2017 Ideas. It’s that, under the tax cuts and jobs act of 2017, the acquisition indebtedness limits have been reduced, and home equity indebtedness will no longer be deductible at all. 22, makes modifications to the deductibility of home mortgage interest for tax.
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