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Brown Cafe UPS Forum
UPS Union Issues
COLA is a 33 cent adjustment to top scale
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<blockquote data-quote="Up In Smoke" data-source="post: 5627946" data-attributes="member: 79702"><p>We own rentals and your a little confused. When using a property as an income source, it becomes a business. Mortgage interest, taxes, insurance and maintenance now become deductable. The rule of 10% now applies. It's states rent must be greater or equal to 10% more than the Principal dollars minus costs of interest, taxes, insurance and maintenance. The goal is to pay the mortgage but incur a net zero or loss on your taxes.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5627946, member: 79702"] We own rentals and your a little confused. When using a property as an income source, it becomes a business. Mortgage interest, taxes, insurance and maintenance now become deductable. The rule of 10% now applies. It's states rent must be greater or equal to 10% more than the Principal dollars minus costs of interest, taxes, insurance and maintenance. The goal is to pay the mortgage but incur a net zero or loss on your taxes. [/QUOTE]
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COLA is a 33 cent adjustment to top scale
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