alt Hacker NewsIt's wild when you think about it: a family scrapes together a down payment and pays full freight on property taxes, while a corporate landlord can roll one property's paper losses into the next deal and keep building their portfolio, tax-deferred
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Afaik, property taxes are due no matter what, at least in Texas.
In many states, there's a homestead exemption on property taxes that doesn't apply to non-owner occupied properties, so the opposite is true.
Also, I don't know what you mean about rolling paper losses into the next deal, but I suspect it's not accurate either.
There's a reason this non-existent loophole wasn't mentioned in the article that was looking for reasons to hate on corporate landlords.
Don't forget the sweetheart tax rebates they sometimes get for promises of development.
You can't use unrealized capital losses (property paper losses) or even realized losses to offset property tax, you can only offset realized losses against realized gains for income taxes.