1) What would happen if my LAQC company is not losing money during a tax year period? Would they remove the LAQC status?
2) I bought an apartment in the city under an LAQC company beginning of this year. My original plan was to rent out the apartment. However, since it has been vacant since I bought the aprtment (~3 months) I decided to live in while waiting for a new tenant. My question is whether I still can claim for the expenses (eg. interest, etc) I have a proof that I have been trying hard to get a tenant by putting some ads.
2) I bought an apartment in the city under an LAQC company beginning of this year. My original plan was to rent out the apartment. However, since it has been vacant since I bought the aprtment (~3 months) I decided to live in while waiting for a new tenant. My question is whether I still can claim for the expenses (eg. interest, etc) I have a proof that I have been trying hard to get a tenant by putting some ads.
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