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To: Moominoid who wrote (9436)9/18/2006 10:17:06 PM
From: Ilaine  Respond to of 218872
 
If you are landlord though your tax situation is different to an owner occupier.

Yes, you get to depreciate the property which is a paper deduction against other income, assuming you have other income.

But if you're paying the mortgage company more than the rent you're getting, paper depreciation isn't going to keep your head above water.


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