Tyler? Yep.
Looks like you made $40,000 from your real estate side hustle this year. Yep.
Okay, so you owe us... Nothing.
You can't just make money in this country without giving us some. According to the Clintons and the Trumps, yes, I can.
$20,000 of that was offset through property management, operating expenses, property taxes, and mortgage interest. Well, that still leaves $20,000 of taxable income.
Yes, but my rental property is also depreciated. Coincidentally, $20,000.
So you made nothing. No, no, you made nothing.
I made $40,000 of tax-free money that I'm gonna go reinvest in more assets.