Discussion:NO REAL ESTATE INCOME=NO DEDUCTION
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Discussion Forum Index --> Basic Tax Questions --> NO REAL ESTATE INCOME=NO DEDUCTION
Discussion Forum Index --> Tax Questions --> NO REAL ESTATE INCOME=NO DEDUCTION
Plainfacts (talk|edits) said: | 4 July 2008 |
| If this sound very elementary, I apologise...Is it true if your real estate investment does bring any income while you are fixing up(maintenace,lanscaping and cleaning it up and after, you were unable to get a renter , you cannot claim any deduction | |
| 4 July 2008 | |
| Reg. 1.212-1(b). If available for rent and advertised as such, then deduction of expenses would be permitted - otherwise, no. | |
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