how much tax will I pay on my rental income?


Thursday, August 19th, 2010

Thursday, August 19th, 2010

TaxFix

You can deduct any expenses that are related to renting out your property from your income. The remainder will be your profit. The profit from renting your property will be taxed at your marginal tax rate.

Monday, October 11th, 2010

J Smith

I want to buy a 2nd home will I be subject to tax if I let my son pay the mortgage and he lives there. Thank you