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Updated almost 10 years ago on .
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Issues about filling loss in tax
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