Quote:
Originally Posted by Masked
The real estate losses are only on paper though - it's based on depreciating the real estate asset, not the market value of the asset.
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Yes.
Quote:
Originally Posted by Arles
Ah, OK - so it's a way for people to use depreciation to reduce their investment liability. I agree with you guys then, that seems like a big tax loophole. Thanks for the info.
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And, yes. It's horseshit.