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Real Estate
Reply to "Is renting a place out worth it considering the Depreciation Recapture Tax? "
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[quote=Anonymous][quote=Anonymous]I don't understand all the talk about "rental losses" -- I've rented my rowhouse very profitably for 11 years, and will continue to do so. We make repairs/improvements every year to write off against the rental income, but we always make $20-$30K in profit.[/quote] So you are unable to comprehend that someone may not be in a situation where they generate a profit from their rental? And that their inability to deduct depreciation from their income and the reduction in basis when they decide to sell will further complicate the situation? [/quote]
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