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Author: ibarz Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Another Rental Property Question Date: 4/14/2008 2:05 AM
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I wanted to just clarify

1) The mortgage interests that I pay for the rental property is only calculated against my rental property income and cannot help lower my regular salary income tax?

2) Basically the same question: the property tax for the rental is regarded only as expense for the rental property?

3) If I keep piling up losses from my rental property (especially after I use the depreciation), does this all just keep adding up till I can hopefully use it in the future?

4) Kindly clarify: any rental property loss does not bring down your regular income taxes, it just carries over as a loss for future tax returns invloving the rental property?

THanks so much.
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