I would appreciate your input, I think this also might be
> interesting to other people. I live in IL and make just over
> $100,000 on W-2. I also own a rental property with all kinds
> of losses and unforseen expenses last year (please know what
> you get into before you buy anything in marginal areas in
> Chicago). Can anybody tell what the reasonable tax to income
> ratio is since I want to deduct as much as possible, but at
> the same time I don't want my taxes to appear too low based
> on IRS computerized criteria and get audited and deal with
> that. I have few other expenses besides this rental
> property.
Deduct what you're entitled to deduct and have supporting evidence on hand in case you're audited.
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