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28
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11
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Jason Sinclair
  • Investor
  • St. Louis, MO
11
Votes |
28
Posts

My real estate properties show a profit

Jason Sinclair
  • Investor
  • St. Louis, MO
Posted

I keep hearing that while you should be cash flowing positively, you should be showing a loss on taxes for your rentals. I've deducted every repair, interest, tax, insurance, depreciation, etc. that I have put into the property and I guess the straight line depreciation just isn't enough to push us into a net loss on taxes. Am I doing something wrong or missing something here? Thanks for any advice!

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145
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131
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Jeff He
  • Investor
131
Votes |
145
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Jeff He
  • Investor
Replied

Sounds like you got yourself a really good property. :) Congrats!

You should take everyone who comments on this thread out for dinner and write that as an expense. jkjk 

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