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Pops_IL_CP_Dad
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Reged: 02/02/08
Posts: 406
Loc: Illinois

Re: Definition of Gift vs Loan

02/12/08 09:59 AM

Like I said, I didn't want to start The Great Debate!!! lol

This was a hypothetical situation. If the 2nd house is income property, not receiving income is, indeed, lost revenue. Any lost revenue relates to a loss on the P/L. That, in turn, is reflected as a deduction -- or at the least, less profit. Same diff...

Post Extras

Entire topic
Subject	Posted by	Posted on
Definition of Gift vs Loan	kmich91261	02/11/08 06:45 PM
Re: Definition of Gift vs Loan	Pops_IL_CP_Dad	02/12/08 12:26 PM
Re: Definition of Gift vs Loan	kmich91261	02/12/08 01:13 PM
Re: Definition of Gift vs Loan	matilda	02/11/08 07:44 PM
Re: Definition of Gift vs Loan	kmich91261	02/11/08 08:19 PM
Re: Definition of Gift vs Loan	matilda	02/11/08 10:01 PM
Re: Definition of Gift vs Loan	Pops_IL_CP_Dad	02/11/08 10:07 PM
Re: Definition of Gift vs Loan	kmich91261	02/12/08 12:43 AM
Re: Definition of Gift vs Loan	Pops_IL_CP_Dad	02/12/08 01:46 AM
Re: Definition of Gift vs Loan	Avaya	02/12/08 09:49 AM
Re: Definition of Gift vs Loan	Pops_IL_CP_Dad	02/12/08 09:59 AM
Re: Definition of Gift vs Loan	Avaya	02/12/08 01:00 PM
Re: Definition of Gift vs Loan	Pops_IL_CP_Dad	02/12/08 01:14 PM
Re: Definition of Gift vs Loan	kmich91261	02/12/08 12:06 PM
Re: Definition of Gift vs Loan	kmich91261	02/12/08 08:42 AM

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