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renting out 2 houses without any mortgages?

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  • renting out 2 houses without any mortgages?


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Answer #1 | 11/05 2013 13:17
Your income will rise from 40K to 70K. You will be able to lower your income by the depreciation on the 2 houses. If the houses are worth $90,000 apiece, you will lower the 70K by apx 6K. If 64K puts you in the 28% tax bracket (guessing), you will owe 28% of $24,000.

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