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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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‎July 7, 2020
7:23 PM