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Updated almost 10 years ago on . Most recent reply presented by

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32
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8
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Mahsa Nicknam
  • Professional
  • Dunwoody, GA
8
Votes |
32
Posts

Issues about filling loss in tax

Mahsa Nicknam
  • Professional
  • Dunwoody, GA
Posted

I've recently heard that if an investor files loss in his investment property in filling his tax, it will effect his next mortgage by impacting on debt/income ratio. 

For example: If you earn $10000 from your rental property and in your tax you show that you had $15000 expense (= $5000 loss), the next time you are applying for a mortgage for another property, $5000 will go toward your expenses (5000/12 for each month) and it will impact your debt/income ratio.

Does anyone have an insight about this? Is this a true statement. 

Thank you all in advance

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