Results 1 to 2 of 2
LinkBack URL
About LinkBacks-
03-13-2010, 07:11 AM #1
Renter
- Join Date
- Mar 2010
- Posts
- 2
Taxes on investment properties
Hello,
I know one typically is obliged to pay taxes on rental property income, though I am wondering if one is allowed to recoup their downpayment before paying taxes. For example if a $20,000 downpayment is made on an investment property, and the property generates $400 per month profit, is this profit taxed right away, or can one wait until the downpayment is recovered?
Thanks!
-
03-23-2010, 06:27 PM #2
Renter
- Join Date
- Mar 2010
- Posts
- 2
Reply With Quote
Bookmarks