Stop Predatory Investing Act

Stops owners who hold 50 or more single-family rental homes from claiming two major tax benefits on those properties: the deduction for mortgage interest and the depreciation deduction. Narrow exceptions let owners keep deductions when they sell to an individual who will use the home as a principal residence or to certain nonprofit housing organizations. The Treasury Secretary must issue regulations to implement these rules, and the depreciation limit applies to property placed in service in taxable years beginning after enactment.