Tax on rental income

Each rental property is an independent entity, rental income should be offsted by financing cost, maintenance, depreciation, you should never has postive cash flow when you file tax return. Depreciation is no-cash expenses, it is the best friend of landlord. It delays the tax payment unless you sold the propery at a net gain

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• How depreciation recapture works? Is that mean when you sell -bced- ♀ (181 bytes) () 09/17/2014 postreply 11:25:44

• Yes, you will pay taxes when you sell at gain -Wisdom101- ♂ (78 bytes) () 09/17/2014 postreply 13:20:22

• The loss has already been used up to offset active income over t -bced- ♀ (692 bytes) () 09/17/2014 postreply 13:51:14