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Updated almost 3 years ago on . Most recent reply

User Stats

21
Posts
5
Votes
Kate C.
  • San Diego
5
Votes |
21
Posts

What scenarios lead to a loss- tax benefit

Kate C.
  • San Diego
Posted

Hello- I have been reading for years about the benefit of being able to deduct $25K in losses from rental properties (and more if you are a real estate professional). The mystery to me- is how do average people get to this loss?  I am including depreciation, taxes, insurance, repairs, and all the typical travel expenses, but still either breaking even or showing a taxable profit.   This may be too individual-based and complex for a forum post, but I am curious what expenses or insights others who have successfully used this tax write-off can share. Thanks!

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