I was wondering would it be best to go to a accountant or do you think I can complete my taxes myself like I have been in the past?
2007-01-24 01:58:07 · 2 answers · asked by admiredseazons 2 in Business & Finance ➔ Renting & Real Estate
For tax purposes the IRS does not care that you are a renter in NYC. This is not income or a deductible expense.
For tax purposes you do have to report the rental income for you CO property. You can deduct direct expenses that you incur for ownership of that property (although be careful and check with an accountant on what needs to be capitalized). You could go to an accountant but I believe tax software should walk you through this.
2007-01-24 02:38:23 · answer #1 · answered by gls_merch 5 · 0⤊ 0⤋
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2016-07-20 06:38:16 · answer #2 · answered by Jessica 3 · 0⤊ 0⤋
Rent-To-Own Homes : http://RentToOwnHome.uzaev.com/?wDAf
2016-07-12 00:54:16 · answer #3 · answered by ? 3 · 0⤊ 0⤋