Home Page link  

Rental Income

  
Groups | Search | About
User Password
Register Now! Lost Password?

Taxes General Forum - Tax professionals meeting place and answers to queries. (Moderated)

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
Rental Income Vijay Sharma 03-11-2008
Posted by Phil Marti on March 14, 2008, 11:21 am
Please log in for more thread options
 "Vijay Sharma" wrote:

> My last two questions have not been answered as to whether social
> security income is part of gross income in determing whether she
> should file a tax return or not

No, it is not. Now, are you going to be really silly and take my word for
it or look in Publication 501 like I told you to the first time?

> and the question about me claiming
> 100% of expenses and yet reporting only 34% of rental income.

I'll leave that one to the pros.

--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Posted by Harlan Lunsford on March 14, 2008, 5:14 pm
Please log in for more thread options
 D. Stussy wrote:
>
> If the first reply is substantially correct, why should the rest of us
> bother with it? You have your answer.
>
I think that he wants many replies, so he can consider contrasting
opinions and see which is "voted" as most likely. (grin.

And if you're a tax pro under circular 230, that might even constitute
"more than 50% likelihood of being sustained. (another big grin.)

ChEAr$,
Harlan

--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>

Similar ThreadsPosted
rental income + rental mortgage + rental mortgage interest - dazed /confused April 11, 2006, 3:50 am
Rental Income February 5, 2007, 1:51 am
Rental income glitch March 11, 2007, 4:09 am
Not reporting rental income July 28, 2007, 2:28 am
Rental income question October 19, 2007, 10:20 pm
Rental income and loss question June 8, 2007, 1:22 pm
Re: Converting Rental to Non-Rental March 23, 2008, 9:50 am
Should two states income on W2 sum to Federal Gross Income ? April 9, 2008, 2:23 pm
Income Tax on Social Security Income September 10, 2007, 6:58 pm
Re: Income Tax on Social Security Income September 12, 2007, 10:05 pm

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap