Negative Cash Flow
Hey TCI I have a building that has a negative because I am an out of state investor the $230 that the manage company charges puts me in the hole 230 dollars will I get that back at the end of the year when I go to file my Taxes or what? How does Negative Cash Flow work with the IRS
Any information would be most helpful!
Thanks and God Bless
You will not get it back at the end of the year. Instead you will have a savings of a portion of the loss. If you lost 230 each month or 2760 per year , and your tax rate is 20%. you will save $552.00 (2760*.20)in taxes that you would have otherwise had to pay. Best of luck.