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Originally Posted by fungus pudding
Rates, repairs and mortgage interest are not losses. They are expenses. Rates and repairs can be deducted from the income and tax is payable on the balance (profit). Mortgage interest is no longer deductable other than the first twenty years life of a new building. There should be spelt their. Billionaires should not have an apostrophe.
Everyone has a different situation, you don't know what types of real estate I invest in so don't pretend you do.
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Originally Posted by TeslaGod
Everyone has a different situation, you don't know what types of real estate I invest in so don't pretend you do.
I really wish members on this forum would stop commenting on topics they don't know, are not invested in and don't understand .
Googling something doesn't make you an expert on all matters,
You are all embarrassing yourself and making me cringe .
Last edited by TeslaGod; 05-10-2021 at 09:50 PM.
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Originally Posted by TeslaGod
Everyone has a different situation, you don't know what types of real estate I invest in so don't pretend you do.
I do not need to know what you invest in. But regardless of what it is, outgoings in any commercial activity are not losses.
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