LA Real Estate Advice: 5 Tax Tips, Tricks and Traps for Homeowners

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Westside LA Real Estate Advice: Ask a roomful of homeowners what's so great about owning versus renting, and you'll hear them holler in unison: "the tax deductions!" And it's true — homeowners who itemize their taxes are able to deduct 100% of their mortgage interest and property taxes from their income tax returns.