ChatterBank4 mins ago
Are rental property losses deductable from income?
2 Answers
Hi, If I make a loss on my rental property (income wise) can this loss be deducted from my main income for tax purposes? EG if my net is 30k and loss is 5k am I taxable on 25k? I am self employed.
Look forward to answers. Thx.
Look forward to answers. Thx.
Answers
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