3 ms·
You only pay income tax on your net profit (in the US at least).
by jnwatson 8y ago
You only pay income tax on your net profit (in the US at least).
- motohagiography 8y agoNet expenses, but the equity in the property seems like income (as you can tell iana landlord). Income taxes likely contribute a significant percentage of the difference between mortgage payments an rent prices. For a REIT, this is different, but for an individual owner renting out a second property and paying income taxes on the rent income, would this not create a significant difference?