You are making money and being able to hold the IPs at the same time.
If you pay tax, you are still in front.
If you made $10K nett, you'll pay about $4K tax on that.
You are still $6K in front.
If you want to lose $10K, you'll get about $4K back from the tax man.
But you are still $6K down the gurgler.
You'd better get depreciation reports done on all three.
Might find your $4K tax bill could reduce to zero.
Not bad, earn $10K and pay no tax.
If you pay tax, you are still in front.
If you made $10K nett, you'll pay about $4K tax on that.
You are still $6K in front.
If you want to lose $10K, you'll get about $4K back from the tax man.
But you are still $6K down the gurgler.
You'd better get depreciation reports done on all three.
Might find your $4K tax bill could reduce to zero.
Not bad, earn $10K and pay no tax.