points by pessimizer 18 hours ago | 0 comments
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."
[–] jasode 17 hours ago
[–] DANmode 12 hours ago
Flagging doesn’t change legal reality.
Voting at a polling place might, but I’m just the messenger, just telling you what’s out there.
[–] consensus1 16 hours ago
If you want to commit tax fraud you can still do that while renting out your units.
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