this post was submitted on 28 Jun 2023
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[–] PizzasDontWearCapes@sh.itjust.works 2 points 2 years ago (1 children)

Write-offs are only applicable if some other part of the business is making money

If the entire business is owning a few properties and they are all in the red, there's nothing to write off against

[–] sbv@sh.itjust.works 2 points 2 years ago

For small-scale landlords the loss would count against their regular income. For professional landlords, they probably have other properties.