• @[email protected]
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    22 years ago

    Write-offs are only applicable if some other part of the business is making money

    If the entire business is owning a few properties and they are all in the red, there’s nothing to write off against

    • @[email protected]
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      22 years ago

      For small-scale landlords the loss would count against their regular income. For professional landlords, they probably have other properties.