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A comment on The World’s Empty Office Buildings Have Become a Debt Time Bomb. Parent comment

Re:The World’s Empty Office Buildings Have Become a Debt Tim... by klyrs on Monday June 26, 2023 @01:51PM (#36483218)
Like I said; I'm not sure about all jurisdictions but it's true where I live:

https://www.canada.ca/en/revenue-agency/services/tax/busines...

New York: https://www.tax.ny.gov/pit/letters/rental-loss.htm

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Re:The World’s Empty Office Buildings Have Become a Debt Tim... by ryanwaggoner on Monday June 26, 2023 @01:54PM (#36483265)
No, you can deduct actual expenses, or uncollectible rent. This does not include theoretical rents that you would have received had the property been rented. No part of your deductible expenses is contingent on the market rent, or the last rent you charged.
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Re:The World’s Empty Office Buildings Have Become a Debt Tim... by HeyLaughingBoy on Monday June 26, 2023 @03:26PM (#36484533)
> does not include theoretical rents

If only you could do that then I might still be a landlord :-)

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