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Good evening. Once you move and start leasing the property in Seattle, it will become rental property. You will have to report the rental income as income and you will get to deduct your mortgage interest, your property taxes
, fees, maintenance, etc. In addition, you can depreciate the property and this will be a non-cash outlay deduction to also offset your rental income. This income and deductions
will be reported on Schedule E to be attached to your Form 1040.
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