If a loss occurs from the renting of real estate (that is, if annual expenses exceed rental

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“If a loss occurs from the renting of real estate (that is, if annual expenses exceed rental income), the loss is not recognized in determining a taxpayer’s overall net income for tax purposes.” Is this statement true? Explain.

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Canadian Income Taxation Planning And Decision Making

ISBN: 9781259094330

17th Edition 2014-2015 Version

Authors: Joan Kitunen, William Buckwold

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Question Posted: Dec 19, 2015 04:09 AM

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If a loss occurs from the renting of real estate (that is, if annual expenses exceed rental

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The statement is not true A loss from real estate rentals can be use...View the full answer

Canadian Income Taxation Planning And Decision Making

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