Dceaser

Dceaser replied to the topic Positively Geared Property Tax Deductions??! in the forum Thanks duckster for the 14 years, 10 months ago

Thanks duckster for the comprehensive response.

So depreciation would work in my favor because say I had a net rental profit of $1000 (Which is left over in my account after all expenses have been deducted other than depreciation) but on paper instead of paying tax on that $1000 depreciation kicks in and shows as a net rental loss and therefore…[Read more]

Dceaser replied to the topic Positively Geared Property Tax Deductions??! in the forum Help Needed! 14 years, 10 months ago

Thanks duckster for the comprehensive response.So depreciation would work in my favor because say I had a net rental profit of $1000 (Which is left over in my account after all expenses have been deducted other than depreciation) but on paper instead of paying tax on that $1000 depreciation kicks in and shows as a net rental loss and therefore…[Read more]

Dceaser replied to the topic Positively Geared Property Tax Deductions??! in the forum Help Needed! 14 years, 10 months ago

Thanks Dan!!That's all I needed to know Cheers!

Dceaser started the topic Positively Geared Property Tax Deductions??! in the forum Help Needed! 14 years, 10 months ago

Hey guys, I'm relatively new to the whole idea of property investing.. pretty much can't stop looking into it after reading Steve's book. Im just a bit confused on this one topic and I was hoping someone might be able to clear it up for me.

What I want to know is what I can claim as a tax deduction on my annual income from a rental property that…[Read more]

Dceaser started the topic Positively Geared Property Tax Deductions??! in the forum Help Needed! 14 years, 10 months ago

Hey guys, I'm relatively new to the whole idea of property investing.. pretty much can't stop looking into it after reading Steve's book. Im just a bit confused on this one topic and I was hoping someone might be able to clear it up for me.

What I want to know is what I can claim as a tax deduction on my annual income from a rental property that…[Read more]