T tweety76 Registered User Messages 33 5 Nov 2008 #1 Hi All, Did our tax returns this year for first time on a rental property. Resulting figure was a loss of 2k . Anyway am I entitled to any tax back on any of this? Its the first year doing this so I am not sure. Thanks
Hi All, Did our tax returns this year for first time on a rental property. Resulting figure was a loss of 2k . Anyway am I entitled to any tax back on any of this? Its the first year doing this so I am not sure. Thanks
J JJ1982 Registered User Messages 202 5 Nov 2008 #2 No, but you will be able t carry it forward and use against any future profits so you may get the benefit of it next year if you have a profit
No, but you will be able t carry it forward and use against any future profits so you may get the benefit of it next year if you have a profit