My rental came in after 8 months of ownership with a 2.5k loss (tax wise), should this be lower or higher? I really don’t know what to think here but we spent a good bit on repairs in year one to even arrive at this

Will you pay taxes in years without big expenses?

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Posting as :
works at
You are currently posting as works at

How is anyone supposed to answer this question?

Rental income - cash out - depreciation is your taxable income. If you manage to be tax profitable in any year sounds like you’re doing just alright.

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Make sure your expenses shouldn’t be depreciated

I definitely pay taxes on my rental but we net $100k after expenses. We also had a couple high repair years…$20k each year.

Cape Cod. It was $1.5M when I bought it pre
COVID. Now it’s about $2.3M. It’s on the beach.

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Come thru with that .0000009% conversion rate

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