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Investors & landlords
"my guess is the total rental income is greater than all of the expenses you mentioned"
If your rental income exceeds your rental expenses, you'll have a profit.
Yes, you'll pay taxes on that profit, but you'll still be left with a net profit after taxes. Taxes don't take 100%.
I don't understand why you see that as a problem.
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
May 31, 2019
5:57 PM