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The tax benefits of
real estate ownership extend to investments
beyond one's ownership of their primary residence. Another great
tax shelter is the ownership of a second home. The tax benefits of
owning a second home will be determined by your use of the
property. If you use it primarily for personal purposes, then you
can itemize deductions similarly to your primary residence. These
expenses include mortgage interest paid, real estate taxes, and
casualty and theft losses. |
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