2006-12-04 15:34:36 · 10 answers · asked by Armando C 1 in Business & Finance ➔ Renting & Real Estate
A profit is income so yea
2006-12-04 15:37:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I say yes but really what profit you gotta pay taxes on the house and pay the water & sewer bills so how are you profiting your not I know I'm a home owner
2006-12-04 15:43:51 · answer #2 · answered by sugarbdp1 6 · 0⤊ 0⤋
Yes!
2006-12-04 15:37:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes but there are lots of expenses to subtract also. Check with a CPA.
2006-12-04 15:42:17 · answer #4 · answered by Celtic Tejas 6 · 0⤊ 0⤋
You should not be making a profit on paper - you get to depreciate the rental among other expenses.
get yourself to the library!!!!
2006-12-04 23:57:28 · answer #5 · answered by Paula M 5 · 0⤊ 0⤋
yes
2006-12-04 15:43:30 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yes any money that you make the government wants a piece of it.
2006-12-04 15:42:06 · answer #7 · answered by gets flamed 5 · 0⤊ 0⤋
100% yes.
2006-12-04 15:42:07 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Yes you do!
2006-12-04 16:37:09 · answer #9 · answered by kayjay 4 · 0⤊ 0⤋
you betcha, buckaroo.....
2006-12-04 15:47:07 · answer #10 · answered by MIGHTY MINNIE 6 · 0⤊ 0⤋