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All Forum Posts by: Vannak Kann

Vannak Kann has started 9 posts and replied 22 times.

Post: Rental income less than mortgage

Vannak KannPosted
  • Fresno, CA
  • Posts 22
  • Votes 0

Thanks so much Chris. Do you know if this will generate me tax break.

Post: Rental income less than mortgage

Vannak KannPosted
  • Fresno, CA
  • Posts 22
  • Votes 0

Hi All,

I recently purchased an investment property in California that i rent to my parent however i charge them less than the mortgage fee. It's $100 less than the monthly mortgage. I"m wondering if that will help me when i file my tax return. The reason i charge them less because i'm helping them. WIll this effect my ability to purchase second home.?