Originally Posted by
kraftwerk
Nobody wants your blessings ...
It seems that New Yorkers don't speak "southern", & misunderstood my
message of polite dismissal, & agreement to disagree about tax accounting.
This should help...
https://www.urbandictionary.com/defi...20your%20heart
I corrected the utterly ridiculous claim that landlords can take tax deductions
for rent lost on vacant units. It cannot be done, either on state or federal tax
returns. (Note that NY state tax returns are based upon fed forms.)
Ward00 is right. Feel free to ask your CPA. And look over IRS Schedule E.
You're not losing a single LBS to anyone purposely leaving a unit vacant
for tax purposes. What's most likely....
- The LBS folded, or.....
- The landlord refused to renew the lease, expecting more rent from a future tenant.
This might help....
https://www.ezlandlordforms.com/foru...tax-deduction/
Citizens don't have to be in any particular business to see this phenomenon or understand the pain.
But when not in the business, they shouldn't pretend expertise.