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At Peterson & Associates, we’ve been around long enough to know that both life and business are all about relationships. We take the time to know you — and understand your goals. We're committed to providing service that puts people first. 

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News & Advice
Section 199A Deduction for Rentals

The IRS published a notice, today, that provides some very helpful information regarding how to apply the new Section 199A Deduction (Qualified Business Income Deduction") to rental properties.

The rules for deducting home mortgage interest have changed for 2018. The limit for qualifying acquisition debt has been reduced to $750,000. The deduction for home equity debt has been eliminated. Follow the link for a more detailed analysis.

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