740
Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)
submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml
418 comments fedilink hide all child comments

cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

you are viewing a single comment's thread
view the rest of the comments
[-] Torvum@lemmy.world 3 points 1 year ago

There are plenty of houses for sale in the 50-70k range in smaller towns that orbit large cities but sure, "literally no one"

[-] wizardbeard@lemmy.dbzer0.com 1 points 1 year ago* (last edited 1 year ago)

One of the worst parts about house searching is when you look up how much you can get for relatively little if you're willing to live in impovershed areas in the middle of nowhere. The kind of places defined by the main industry that left the area at least a decade ago.

Then compare it to where you actually have to live die to life and career situations.

this post was submitted on 24 Aug 2023
740 points (88.5% liked)

Personal Finance

3824 readers
2 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago
MODERATORS
WandererLagomorph799@lemmy.ml
nieceandtows@programming.dev
nieceandtows@lemmy.ml