Open Question: How can I write off rental houses to lower my taxes?

6 January 2009, 7:16 am

I just broke the $100,000 barrier in 2008 and am looking for a way to lower my taxes for 2009. I have a friend who told me to buy a duplex or a triplex. He said that I can write off interest and can depreciate the house since it is not my primary residence, but I went to H&R block and a lady, who honestly didn't seem like she knew what she was talking about, told me I could only write these items off if I was a real estate professional? Can someone clear this up for me before I go buy a rental property? Thanks...... Read More »

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