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Re: RENTAL INCOME & TAXES
by Terry (ca)
on February 14, 2009 @02:08
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Trust me they have ways of finding out and BESIDES with just one rental wouldn't you want to take the deductions for DEPRECIATION (oh wait with a condo not much probably) and other expenses against it so net wouldn't be that much so report it using Schedule E. Better make sure your insurance knows too.
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