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29 August 2024 | 20 replies
Also sec 8 is a great model if a pandemic or loss of income is a concern.
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27 August 2024 | 7 replies
If this isn't a separate dwelling unit you can't take losses from the rooms / space you are renting and use them to offset non-passive income (Section 280A of the tax code)Rental expenses are limited to the amount of your rental income and the balance of rental expenses is carried forward.
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31 August 2024 | 36 replies
I'm going to cut my losses now.
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27 August 2024 | 8 replies
You may need to just focus on getting the other properties stabilized to cover the loss from these.
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27 August 2024 | 10 replies
This means you can often have positive cash flow from your property while reporting lower taxable income, or even a loss, thanks to depreciation.So, while your cash flow might be strong, your taxable income could be significantly lower due to these non-cash deductions.
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26 August 2024 | 2 replies
For self-managing landlords, what are some of your favorite practices and policies to mitgate your fears and and potential losses around pets?
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27 August 2024 | 8 replies
However, the losses will be limited.
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27 August 2024 | 8 replies
If so you probably have a loss.
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27 August 2024 | 9 replies
I'd be happiest being quite an active investor and property manager.Of course, given my wife's job there's a also a huge incentive for me to qualify for real estate professional tax status and (if I'm reading things right) maximize our paper losses.
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26 August 2024 | 1 reply
Tenant’s vehicleor other possessions will occupy the parking space entirely at the risk of the Tenant.Tenant releases Landlord from any loss, damage, claim or injury resulting from anycasualty.”Should the tenant or I have additional insurance for a Garage Storage unit?