Please run it using Turbo Tax software. How you filed tax?

回答: Let me do my best to answer your questionsRE88882009-09-18 11:02:52

Yes. My friend said there will be some schedule E loss limitation if you hit AMT.

Then, the only way is to do cashout re-fi from your main home and pay down rental house mortgage to reduct the rental loss. There are some draw back to do this too.

You can claim your main home $1M mortage loan amount interest and another $100K HELOC loan amount's interest in schedule A.

Any tax expert here? Please help this out!

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My husband do tax everyyear, he knows more than me. -CrystalWater- 给 CrystalWater 发送悄悄话 (0 bytes) () 09/18/2009 postreply 13:59:09

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