3 ms·
You have it completely backwards with respect to taxes. The tax code heavily favors ownership over rentals because owners aren't taxed on the "rent" they would
by lalaland1125 4y ago
You have it completely backwards with respect to taxes. The tax code heavily favors ownership over rentals because owners aren't taxed on the "rent" they would have paid to themselves.
Big rental companies exist despite tax disadvantages, not because of them.
- deelowe 4y agoYou've got it backwards. Landlords can deduct mortgage payments, interest, expenses, as well as depreciation from income. If you're only income is the rent, then all expenses are deducted. As a home owner, you can only deduct mortgage interest from your income.