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Updated 2 months ago on . Most recent reply

Angelo Llamas's profile image
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Angelo Llamas
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Angelo Llamas
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Angelo Llamas
10
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21
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General Real Estate Investing

Taxes on a new rental

Angelo Llamas
Posted

Recently bought a rental that I am living in and will start to renting it out early next year. I’ve done my calculations and have seen that I will be breaking even with this investment day one. On a rental that’s not generating income is it any different book keeping wise then you would for a rental that’s is making money Or what are good things to know or learn Thank you !

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Angelo Llamas's profile image
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Angelo Llamas
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Angelo Llamas
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Angelo Llamas
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Angelo Llamas
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Awesome and as far as tax deductions do you still do them to get a return or do you only do those so you don’t get taxed on your rental income 

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