Losses on Tax Return

[Brianna H.]

Howdy!

We recently filed our tax return and showed a pretty good profit on our rental. Our tax advisor said that he almost never sees profit on rental houses. I know you can repair the home to negate the profits, but is there a reason that we are the only profitable rental? Is it because we truly are the only profitable rental or are the other investors doing something that is 'hiding' their profit? Thanks for any advice.

[Natalie Kolodij]

Most people normally don't show income on paper after depreciation. 

If you'd like a second set of eyes on things feel free to shoot me a PM I'd be happy to take a quick look at your schedule E page and see if he's missing any thing