If my deductions are greater than the income generated from my property, how does that effect my tax liability?

Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?

I'm looking at a Fannie Mae owned property. The property was forclosed on and taken by Fannie Mae in May 2010 (county records show the sale to FNMA was for $286k).

Homepath lists the property currently at $161k.

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I have a tenant that just moved out, but left behind all their furniture, food and worst of all they left their cat! It's a real shame that we can't take damage deposits in

The cat is a first for me in the la...

Hey everyone,Im looking into making the transition from SF rehabs to cash flowing apartments.My question is, without the required net worth or liquid cash available, how does one get around to obtaining a loan on prop...

Hi Everyone, I'm looking to purchase my first rental property and was wondering if anyone has experience investing in the Narragansett area. I know a lot of URI students live there during the year (my sister goes ther...

I have a tax question. My accountant of 12 years does not have any clients that flip houses, she has buy and hold but no flippers. Also her father was actually my accountant for 10 years and he passed, so she took ove...

I emphasize LIMITED because the only experience I have is five  high rise condos I owned in the Phoenix area 2012 - 2021Phoenix is famous for rental demand Oct - March, and little demand April - Sept (120 degree heat ...

Hey guys! First off, thanks for clicking on this discussion. All feedback is greatly appreciated! This PAID OFF  property was given to me by my grandmother once she got her new house. MY ASSETSMy father is a Guru when...

I decided to advertise a Furnished apartment in our 60 unit complex.. We are located next to a Major University and have alot of students who come here from other countries with absolutley nothing.. and they end up go...

Hey guys, I live in Phx,Az , single no debt what so ever, in car sales business (self employed)and monthly I make anywhere from $3k to $10k after everything, experian score is 640, im guessing with that fair score and...