I have a rental property, plus I did a couple of artistic mural jobs. Last year, I made under $10,000 from those from all the repairs done to my rental property.
Just making sure I don't need to file taxes, right? It's my first Rental Property (condo given to me so it's all paid for) so I wasn't sure.
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If you have a rental property you should file a tax return so that you are reporting the depreciation. Also, if you were paid more than $400 for your artistic work, then you might owe self-employment tax on those earnings. I would recommend that you file a tax return.
If you have a rental property you should file a tax return so that you are reporting the depreciation. Also, if you were paid more than $400 for your artistic work, then you might owe self-employment tax on those earnings. I would recommend that you file a tax return.
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