BillM223
Expert Alumni

Investors & landlords

"Schedule E net income is below $15000."

 

This is in error. The meaning of "gross income" for a rental property is gross rental receipts, not net. 

 

Note that "adjusted gross income" is not the same as "gross income" and for Arizona has different filing requirements.

 

See https://azdor.gov/file/8206/download?token=TptmSZ-d

 

 

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