2007-02-05 21:38:35 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Yes. Most computer tax software ask if you have income from rental properties.
2007-02-05 21:47:16 · answer #1 · answered by tw0cl0n3m3 6 · 1⤊ 0⤋
Yes all income is taxable. It depends on how your business is set up- you are probably an llc aren't you? If you are renting a room in your apartment and no one knows or in the house you own and live in I would imagine you could get away with it if its not a large amount.
2007-02-05 21:42:52 · answer #2 · answered by Jason D 3 · 0⤊ 0⤋
Yes! Go to irs.gov and you can download & print forms- remember most improvements may off-set your income.
2007-02-05 21:43:13 · answer #3 · answered by goodjoe! 6 · 0⤊ 0⤋
If you own a rental property?? Yes, it is.
2007-02-05 21:41:51 · answer #4 · answered by Mom of One in Wisconsin 6 · 0⤊ 0⤋
Yes.
2007-02-05 22:11:50 · answer #5 · answered by kitty fresh & hissin' crew 6 · 0⤊ 0⤋