Rental real estate can generate non-cash losses through depreciation of its building and improvements as well as accruing interest on mortgages it may have. If the property is owned by a limited partnership these losses are passed through to the individual partners in the partnership on their K-1.
Typically occupied by a Republican in the largely conservative district, the recently vacated House seat in New York's 26th Congressional District is now to be occupied by a Democrat.
Obituaries for wealthy recluse Huguette Clark have reignited questions about the final resting place of Clark's fortunes, estimated at around half a billion dollars.
According to the press center of the University of Buffalo, school president Satish K. Tripathi on Tuesday offered a proposal to state leaders, revised 2020 Challenge Grant program. This plan calls to support a $375 million project to relocate UB's medical school to downtown Buffalo.
OpenTable, the free restaurant reservation and customer review website, announced the top 50 restaurants voted as Great for Outdoor Dining by OpenTable diners
At 51.5 million visitors, one U.S. city has beat Mayor Michael Bloomberg’s goal of 50 million for NYC in 2012.
Democrat Kathy Hochul has scored an upset victory in upstate New York House district, Tuesday.
The next chief of the International Monetary Fund (IMF) will likely be one of two candidates, France Finance Minister Christine Lagarde (who has officially announced her interest in the job) and Mexico’s central bank governor Agustin Carstens, who is also lobbying for the sought-after position.
Cable business channel CNBC host Mark Haines, 65, died on Wednesday, the channel reported.
Two French women are filing official complaints against a government minister they accused of sexual harassment, a report said.
Barclays Capital still believes Apple Inc.'s (NASDAQ: AAPL) iPhone is well positioned to grow faster than the smartphone market over the long-term. The brokerage reiterated its overweight rating on shares of Apple with a price target of $465.
Many theories are floating around the dramatic withdrawal of Ahmadinejad who usually likes world stages to whip up controversies and hog limelight through incendiary rhetoric.
In a special House election Democrat Kathy Hochul won what had been a Republican seat in upstate New York, lifting Democrats' hopes for the 2012 campaign.
Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.
Google will unveil a mobile payment system on Thursday, May 26th, and it will run on the Android operating system available on Sprint Nexus S phones.
A day after New York City mayor Michael Bloomberg's smoking-in-public-places-is-no-longer-legal went into effect, smokers continued to have it their way: By defying the new law, smoking anyway, and getting away with it, the New York Daily News reports.
Barnes & Noble introduced its new Nook touch reader, analysts say it has impressive specs.
Jimmer Fredette or Josh Selby join the list of basketball players the Knicks might choose with their first-round draft pick. Here's a look at a handful of possibilities for the Knickerbockers.
Jorge Posada is the worst DH in baseball right now. But how do you bench a $13.1 million star? And who replaces him?
The World Series Champion San Francisco Giants are the hottest ticket in town as proven by the stellar attendance at ballgames. Last year, the Giants were 9th in the league drawing an average of only 37,499.
Mother monster, Lady Gaga, was in New York City to promote her latest album Born This Way.
Protests have erupted in Spain in response to the country’s devastatingly poor economy, high unemployment and the government’s draconian austerity measures that affect mostly the middle class.
