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ChornWork2 t1_jcftvfg wrote

Reply to comment by 09-24-11 in Nearly 1,500 buildings ban Airbnb and other short-term rentals by fluffykintail

What do you mean? Sure, may result in a loss for the unit since zero revenue but some expenses means a loss. But all they can do with that is offset tax they may have from profit elsewhere. Still a negative for them.

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JuniorAct7 t1_jcg0gly wrote

This is correct. They can only deduct rental losses against other passive income. It will lower their taxable income, but almost certainly not enough to offset the lost revenue.

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