Quote:
Originally Posted by look 171
Where the fook is my money? I filled out that damn form and haven't seen a dime, email or paper work. I bet they are selective on who they give that money to. I am told that we can't take that lost off our taxes so we bend over again with no lube.
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If there is no rental income coming in then your expenses generate a loss.
Now whether you can utilize any/all of that loss at once or has to be carried forward of course depends.
What sucks is not being able to get non rent paying deadbeats out to minimize damage. Damage is of course a loss but then there is your time and stress. Neither of which you can capture as further loss.