TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Excess Rental Expenses

February 17, 2010

Today TaxMama hears from Susan in the TaxQuips Forum, who tells us. “I have more rental expenses than income, so there’s a loss of $20,000. But I can’t use it to offset any of our income. Can I take the property tax and the mortgage interest that w