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bpt3last Tuesday at 7:37 PM1 replyview on HN

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.


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georgeburdelllast Tuesday at 7:44 PM

Capital loss carryover is possibly what they were referring to

Unrelated note but the Homestead exemption in Santa Clara County, average sale price $2,300,000, is $7,000. To be explicit, the home’s value is reduced by $7,000 for valuation purposes.

Edit: the tax deferred part sounds like a 1031 exchange

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