Apr 30 2019, 05:29 PM
QUOTE(suadrif @ Sep 18 2015, 10:51 AM)
sorry, i little bit confuse on your statement in red.
i dont think high interest rate could contribute to higher taxable income.
let me confirm on these:
1) your first house monthly commitment is low because u dump all extra money,
2) your first house monthly rental profit "seems to be high"
3) your first house taxable income become more
so u want to declare lower income for 2nd house to balance it.
am I correct?
So meaning if i have 2 property, 1 profit 1 loss can combine??? (cos i heard cannot, loss one zero, profit have to declare for the other one)i dont think high interest rate could contribute to higher taxable income.
let me confirm on these:
1) your first house monthly commitment is low because u dump all extra money,
2) your first house monthly rental profit "seems to be high"
3) your first house taxable income become more
so u want to declare lower income for 2nd house to balance it.
am I correct?
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