Comment by pessimizer
3 hours ago
Except you can write off those $1400 units as $2400 of losses that will offset profits from another part of your business.
Not everything is "Economics 101."
3 hours ago
Except you can write off those $1400 units as $2400 of losses that will offset profits from another part of your business.
Not everything is "Economics 101."
>Except you can write off those $1400 units as $2400 of losses that will offset profits
No, the IRS doesn't allow tax deductions for the "missing $2400 rents" of unrented units. IRS only allows deducting ongoing expenses such as "maintenance, insurance, taxes, and interest," :
https://www.irs.gov/pub/irs-pdf/p527.pdf
[flagged]
If you want to commit tax fraud you can still do that while renting out your units.