Answer
May 02, 2024 - 12:53 AM
No, most rentals are going to show a loss. That's a wonderful thing. It doesn't mean, we hope it's not a loss in your pocketbook. It's just a loss on the tax return. That is very, very common. Unless you're doing Airbnb or your, you know, your rentals by like a stadium or so by something like that, you're probably going to show a loss or you've had the rental for years and years and years. So depreciation is really, really low. But that's kind of the sweet spot. That's why we love rentals because it's a great asset holder. It holds your money very, very securely for a very long time. And it's tax-free income. The profit you make on that rental, nine times out of ten, it's tax-free.
