01-25-2024, 12:30 PM
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#29753
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Rs has made me the man i am today!
Join Date: Sep 2004
Location: Canada
Posts: 3,395
Thanked 1,646 Times in 717 Posts
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In that example, you can't apply 100% of rent towards your mortgage, strata and property taxes because you didn't account for the decrease in net amount due to the income tax on the rent you collected.
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