Updated over 6 years ago on . Most recent reply
Taxes, expenses, mortgage help
Hello, so I’m looking for some professional help. I am looking to buy another property which I will need a mortgage. So when tax season comes I have a lot of write offs. Plumbing repairs, paint, furnace, etc. Now if I show a net loss at the end of the year will this affect me when applying for a mortgage? Is the mortgage company going to look at this and see I have a net loss ? If so, Am I better off not listing my expenses/repairs when doing my taxes ....?