how many real properties can i claim on my 1040?

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how many real properties can i claim on my 1040?

2007-02-04 11:35:41 · 4 answers · asked by pallmore r 1 in Business & Finance ➔ Taxes ➔ United States

4 answers

You can deduct the mortgage interest on two residences on your Schedule A (primary residence and vacation home). You can deduct the property taxes on as many real properties as you own. If you have rental properties that are reported on Schedule E, you are only limited to as many rental properties as you own.

2007-02-04 12:30:47 · answer #1 · answered by jseah114 6 · 0⤊ 0⤋

You must report all of your rental properties income and expenses.

2007-02-04 20:54:14 · answer #2 · answered by WealthBuilder 4 · 0⤊ 0⤋

Two.

2007-02-04 19:44:13 · answer #3 · answered by LuvDylan 5 · 0⤊ 2⤋

if you own them all of them

2007-02-04 19:43:01 · answer #4 · answered by parrotsarenoisy 5 · 0⤊ 0⤋