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Updated almost 11 years ago,
Anyone show year after year little or no or even loss on properties?
Hello
Was wondering if anyone has consistently been showing very little profit or even taking losses on a rental properties year after year when shown on paper. We all get the free deprecation expense and was wondering if anyone else is in the red,year after year on paper which is good but will that throw up a red flag to the IRS if your consistently loosing money, which your really not just the case, depreciation makes it looks like you do plus auto travel adds up to.