Like your quote!..I guess deep minds think alike.Or is it just simple minds

Expenses, such as utilities, for empty store fronts are legitimate business expenses. If you are suggesting that rent not collected is also a business expense, I don't believe that is true. Full disclosure: I did the taxes for my wife's business for over 10 years.

What section of the Code is that from? I will have to check it out!!

Really?

Don't fall for the tax troll

If you are in a 101 per cent tax bracket!!!

empty rental property is adjusted in my taxes......

adjusted....right off....same thing.....

If you actively participate in a rental real estate activity, you can deduct up to $25,000 of your rental loss even though it’s passive.

To actively participate means that you own at least 10% of the property, and you make major management decisions, such as approving new tenants, setting rental terms, approving improvements and so forth

I am sure the developer fits into this catagory as well.... I like turbo tax......does all the work for you

To intimate that the property would intentionally be held off the market would not work in a net sense unless the tax savings was in excess of the rent attainable.

Again.