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Get your taxes done using TurboTax
The reason people almost always see a loss is because they are forced to become landlords.
That's odd. I was just whatching the noontime opinion (formerly known as the 12 noon news) and it was stated that new home buyers are having a difficult time and are having to purchase "used" homes. But then, you can't believe anything in the media now-a-days.
But being "forced" into renting your property has nothing to do with showing a loss on the SCH E. If you choose to become a landlord, you'd probably still show a loss.
‎April 11, 2023
9:34 AM