Hello,
As of this year I have two properties that I rent out. One property has cost me significantly in mortgage interest and other costs. The other has had few costs.
My question is, for tax purposes do I sum the rental income from both properties and subtract the costs or do I operate on a property by property basis?
Thanks in advance,
Kiernp
As of this year I have two properties that I rent out. One property has cost me significantly in mortgage interest and other costs. The other has had few costs.
My question is, for tax purposes do I sum the rental income from both properties and subtract the costs or do I operate on a property by property basis?
Thanks in advance,
Kiernp