That's too bad. When we owned our rental we used to get major deductions for it.
On Tue, Aug 30, 2011 at 5:19 PM, Maureen <[email protected]> wrote: > > This used to be the case, but a lot of the tax benefits of owning > rental property no longer exist in the US. > > On Tue, Aug 30, 2011 at 5:44 AM, Medic <[email protected]> wrote: > > > > Something to remember is that when you have a rental property (that you > > don't live in) any loss you take on it is a tax write off. So any > repairs, > > building materials, paint, shortfalls in rent, etc, etc, are all a write > > off. This can make a pretty big impact on your bottom line come tax time. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:342144 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
