rachna1
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Thank you. So I should deduct the expenses and pay taxes on the income and if there are losses then those should be rolled over and added to my cost basis when ...
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I thought since my w2 income (AGI) $260k that I couldn't deduct the rental losses until I sold the property so how can I deduct them from the rental income of t...
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So do I have to claim the rental income (without the expenses) which is a positive number and just adds to my overall income?
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- Posted Re: High earned income/deducting rental expenses on Investors & landlords. July 13, 2021 3:50 PM
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- Posted High earned income/deducting rental expenses on Investors & landlords. July 12, 2021 10:48 AM