qbteachmt
Level 15
09-03-2024
11:41 AM
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"remained generally profitable"
So, it's not an issue of personal use or renting to family members? Are the properties in tip top condition? We have some rentals around here that should never go for market rate.
"Presumption of profit. If your rental income is more than your rental expenses for at least 3 years out of a period of 5 consecutive years, you are presumed to be renting your property to make a profit."
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers