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Deductions & credits
How do taxes apply when I rent out/ manage an RV that is owned by a friend? I do all the work to rent out their RV and split the profit with them? How do I report this and what are their tax responsibilities for the passive income they make? What about upgrade and maintenance cost. If they pay for the maintenance or upgrade cost and I do the work to fix or install them, how does that all pan out?
ā€ˇFebruary 1, 2022
8:52 AM