All Forum Posts by: Lance Anderson

Thanks for the feedback guys, much appreciated, will digest and take action. 

Currently have 3 rentals carrying legit losses on my tax return for a number of years now. I understand that this will be useful when I sell, in order to reduce my capital gains tax. It also reduces my AGI from my 9-5 by up to $25k per year. 

However, while I see this as an asset to reduce current and future tax liability,  banks see this carryover loss as a liability. is there any way to overcome this? Any banks out there that use other financial metrics to assess ability to repay? Thanks for any ideas.