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Investors & landlords
Most rentals don't generate a profit,
That can be misunderstood or misinterpreted by some. It would be more accurate to say that "most rentals don't generate a *taxable* profit while they may generate a cash flow."
For many rental owners they'll find it difficult if not impossible to qualify for QBI.
Your new HVAC is a property improvement, as is the assessment for the new roof.
‎January 20, 2020
8:36 AM