this post was submitted on 11 Apr 2024
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[–] FiniteBanjo 1 points 7 months ago* (last edited 7 months ago)

In the USA at least, this is false. Rent is your Landlord's Income, so they always have to report it as such. They can write off depreciation of assets but not mortgage. They can deduct mortgage interest, though.

AND you also have to pay Capital Gains taxes on sold real estate unless the property was used solely as your main residence for several years.