What's incorrect about my statements? I'm not an account so I could be wrong. From what I understand the standard deduction is unqualified for all tax filers and affects personal income returns.
If a business owns a giant rental complex who will claim the personal deduction? Isn't the interest on the loan just an ordinary part of the business expense?
IANAA, but interest on a rental is a business expense, therefore will be be unaffected by this change.