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by ctdonath
2145 days ago
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Depends on the local tax law. Confluence of maintenance costs vs depreciation vs revenue vs other legal accounting issues can result in reducing/eliminating taxes - even if you have a net positive income. Upshot: evicting non paying tenants can be profitable, while letting them stay on “they’ll come thru, just give them time” grounds can mean losing the property outright. (Strange this must be explained on Ycombinator.com.) https://www.realwealthnetwork.com/learn/landlord-tax-deducti... |
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