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Bob has a house in Huntington Beach with a mortgage of less than $1 million. He also has a second house in Big Bear with
Bob has a house in Huntington Beach with a mortgage of less than $1 million. He also has a second house in Big Bear with a mortgage of $100,000, but wont have time to go at all this year. All of Bobs income comes from a partnership he is a limited, passive partner in. As his accountant, what tax advice would you give Bob?
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