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Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)
submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml
158 comments fedilink hide all child comments

cross-posted from: https://lemmy.crimedad.work/post/12162

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

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[-] Olgratin_Magmatoe@startrek.website 4 points 1 year ago* (last edited 1 year ago)

it can take 30 years to pay it off.

It can take 30 years for the tenants to pay it off. Landlords aren't paying for that out of the goodness of their hearts. It's instead ultimately the tenants.

Throughout all that time they are responsible for maintenance, insurance and a litany of other things to keep it from falling into disrepair.

They hire people to do that, they don't do it themselves.

this post was submitted on 24 Aug 2023
773 points (100.0% liked)

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