Deductions and Write-Offs

Real Estate Investment Taxation

Can unused tax deductions from a real estate investment be used to reduce personal taxable income? For example, a gross monthly revenue of $1000 and monthly operating costs of $600 will yield $400 in taxable income. If the entire $600 is deductible, I will be left with $200 of unused tax deductions; can this be used to reduce personal income?

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