Foxy-Lady
Level 3
03-16-2022
03:55 PM
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Client sold his rental property to a relative under an installment sale. The monthly amount if $550.00 It is broken down $300 towards the land contract $250 toward taxes and insurance that my client is maintaining. I know how the $300 is handled. Can he write off the taxes and insurance as an expense. If so, where?
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