That figure subtracted from the sale price is the remaining profit which is reported on your schedule C.

Normally you go at those #'s and subtract the repair costs as well!

I try to find units that also have separate water bills, but that doesn't always happen.If I am faced with a good deal on a property that has one central system, I subtract the cost to install separate systems into my offer (usually discounted slightly, ie: if cost were to be $12,000, I would subtract $10,000, assuming my savings would be $2,000 for the year).

To compute that you take all your gross income and subtract all your expenses including depreciation to get to a net income.

This is not an investment like Prosper where you can subtract relatively small loses from relatively small gains.

Subtract the mortgage payment and you're in the hole $200 a month.

When the government subtracts the utilities from the voucher where do they get that number?

There may be points, though, that can all be taken at the time of the sale.Then, you subtract the basis from the adjusted sales price to get to your net gain.

The profit is determined as with regular taxes which does include depreciation subtracted from the gross profit.

Then they subtract the PITI, $4000.