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Re: RENTAL INCOME & TAXES
by Micah
on February 14, 2009 @00:09
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I agree. It's not worth the risk of getting screwed by the government. Unless you have owned the place for a long time and the mortgage payments are mostly principal, you get one hell of a write-off. I don't owe a thing this year and I declared all of my rental income and did not pay any quarterly taxes!
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