Dceaser

Dceaser replied to the topic Positively Geared Property Tax Deductions??! in the forum Thanks duckster for the 14 years, 9 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, 9 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, 9 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, 9 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, 9 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]