06.26.2020 - By Ryan McLean
https://www.youtube.com/watch?v=CLDi5tZO26I
How does tax work with positive cash flow properties and how is it possible to have a positive cash flow property and not pay any tax on the income.
While I'm not an financial advisor I explain the main concepts behind how this works in todays video.
In short:
Rental income - expenses - depreciation = profit/loss
Profit or loss is then added or subtracted to your taxable income.
0:00 - Introduction0:48 - What is positive cash flow?1:20 - How does tax on positive cash flow work2:48 - How depreciation affects the tax you pay
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