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2 singles save a lot more tax than married couple

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  • #16
    Most of the "loss" is the depreciation cost

    Majority of the $25,000 is from depreciation cost, which is not a real loss. The payment for mortgage almost cancels out with the rent income. Of course we also lost some money with the crashing housing market, but that's a different story (a sad one of course).

    Originally posted by noppenbd View Post
    If you are each losing more than $25000 a year on a rental property, why not sell the property(s) rather than worry about the $10000 tax savings?

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