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Tax, SDIRAs & Cost Segregation

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19
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David Howarth
  • Investor
  • Conroe, TX
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19
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Negative Cash Flow

David Howarth
  • Investor
  • Conroe, TX
Posted Mar 24 2009, 15:17

If a property has negative cash flow at the end of the year do you get a deduction on your income taxes that are owed?

Say if you earned $30k from your job and you owe $1000 in income taxes but your property had a negative cash flow of $1000. Would it balance out?

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