topic If i reinvest my rental income to buy another property do i have to pay taxes on the rental income? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-i-reinvest-my-rental-income-to-buy-another-property-do-i-have-to-pay-taxes-on-the-rental-income/01/447922#M18720 <P>lets say i bought a house for 100k and i get rental income of 30k if in that year i reinvest that money to buy a new property do i have to pay taxes on the 30k?</P> Tue, 04 Jun 2019 22:45:57 GMT loch-7 2019-06-04T22:45:57Z If i reinvest my rental income to buy another property do i have to pay taxes on the rental income? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-i-reinvest-my-rental-income-to-buy-another-property-do-i-have-to-pay-taxes-on-the-rental-income/01/447922#M18720 <P>lets say i bought a house for 100k and i get rental income of 30k if in that year i reinvest that money to buy a new property do i have to pay taxes on the 30k?</P> Tue, 04 Jun 2019 22:45:57 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/if-i-reinvest-my-rental-income-to-buy-another-property-do-i-have-to-pay-taxes-on-the-rental-income/01/447922#M18720 loch-7 2019-06-04T22:45:57Z Yes.  Doesn't matter what you do with the income or proce... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/yes-doesn-t-matter-what-you-do-with-the-income-or-proce/01/447928#M18721 <P>Yes. &nbsp;Doesn't matter what you do with the income or proceeds even if you sold the first rental.</P> Tue, 04 Jun 2019 22:45:59 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/yes-doesn-t-matter-what-you-do-with-the-income-or-proce/01/447928#M18721 VolvoGirl 2019-06-04T22:45:59Z what if its an llc would the expense out do the income? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/what-if-its-an-llc-would-the-expense-out-do-the-income/01/447936#M18722 what if its an llc would the expense out do the income? Tue, 04 Jun 2019 22:46:00 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/what-if-its-an-llc-would-the-expense-out-do-the-income/01/447936#M18722 loch-7 2019-06-04T22:46:00Z The rental income would still be taxable. You would get... https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-rental-income-would-still-be-taxable-you-would-get/01/447943#M18723 The rental income would still be taxable.<BR /><BR />You would get to claim depreciation and other expenses on the new property, that that does not change the fact that your rental income is still taxable. Tue, 04 Jun 2019 22:46:01 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-rental-income-would-still-be-taxable-you-would-get/01/447943#M18723 TaxGuyBill 2019-06-04T22:46:01Z