Taxes on rental property

[Aariff Kadar]

Many claim that we will save lot on taxes by buying a property but i am not sure how we will pay less tax while earning rent.

I am CA and i am planning to rent my current home and move to another city.

Cost of the house is 580K approximately and rent will be $2800 and everything goes for mortgage, taxes and insurance and i will have 0 cash flow or negative cash flow.

i understand the i can claim property tax ($7800) and depreciation (approximately $20000) on tax but what about the tax on $2800 for 12 months (did not consider vacancy and manitenance for calculation purpose). can you please educate me on how this income is not tax deducitible? or how the tax consultation will take it out from tax?