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Updated over 5 years ago on . Most recent reply

Rick Hoffart's profile image
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Rick Hoffart
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Rick Hoffart's profile image
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Rick Hoffart
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Rick Hoffart
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Real Estate Deal Analysis & Advice

Tax advantages ... will I still be able to claim?

Rick Hoffart
Posted

Quick question ... 

I'm buying an investment rental property. For a few years we are going to let the inlaws rent it out for about 1/3 of the rental value. $500 vs $1,500.

Since we choose to have this house in a negative cash flow situation, will we still be able to write off expenses? 

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Bob Norton's profile image
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Bob Norton
  • Accountant
  • from Slidell, LA
  • Member since Sep 4, 2019
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Bob Norton's profile image
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Bob Norton
  • Accountant
  • from Slidell, LA
  • Member since Sep 4, 2019
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Bob Norton
  • Accountant
  • Slidell, LA
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Bob Norton
  • Accountant
  • Slidell, LA
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@Rick Hoffart Rental losses between related parties are generally not deductible.  

  • Bob Norton
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