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Updated over 1 year ago on .
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New to investing and wondering if my ownership will change my taxes.
I have recently partnered on my first commercial property and am unsure how my taxes will be effected. Currently this property has been a rehab so far 45k using our own funds (Property will pay back starting 2024). This year our cashflow is -$1500.
I own a small 15%, and would like to know how taxes change when we have negative or positive cash-flow?