Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
comptche5614
New Member

My tenants pay 1300 per month rent/my mortgage is 1300/mnth...do i still count this as income even though the bank gets it?

 
1 Best answer

Accepted Solutions
macuser_22
Level 15

My tenants pay 1300 per month rent/my mortgage is 1300/mnth...do i still count this as income even though the bank gets it?

Yes.  It is income reguardless of what you do with it.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

1 Reply
macuser_22
Level 15

My tenants pay 1300 per month rent/my mortgage is 1300/mnth...do i still count this as income even though the bank gets it?

Yes.  It is income reguardless of what you do with it.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v