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  • Profile photo of patrickrajpatrickraj
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    @patrickraj
    Join Date: 2004
    Post Count: 6

    Hi Folks,

    Its starting to make more sense. Does this mean that if i were to have a IP that rakes in $300 and say my principle repayments etc comes up to $250, the $50 excess that i make is not going to be taxed because it is an IP??

    regards

    Patrick Raj

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