How rental income is taxed?
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Studied at the University of Amsterdam, Lives in Amsterdam, Netherlands.
If you receive rental income from the rental of a dwelling unit, there are certain rental expenses you may deduct on your tax return. These expenses may include mortgage interest, property tax, operating expenses, depreciation, and repairs. ... You may not deduct the cost of improvements.Dec 22, 2017
2023-06-21 03:03:02
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If you receive rental income from the rental of a dwelling unit, there are certain rental expenses you may deduct on your tax return. These expenses may include mortgage interest, property tax, operating expenses, depreciation, and repairs. ... You may not deduct the cost of improvements.Dec 22, 2017