Sunday, April 7, 2013

Rental Property

Prepare a simple 1 page income statement showing the gross rental income you received during the tax year and your applicable expenses categorized and summarized by the type of expense (i.e. advertising, mortgage interest, real estate taxes, repairs, maintenance, condo fees, etc) if you received income from rental property (Schedule E). Also provide details like when you started renting the property and how much you originally paid for the property. Continue reading


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