Do I need to report rent money as income if the expenses of owning the home (mortgage, maintenance) exceed the money earned?
I live and care for my 86 year old mother and my only income is $24,778.00 from permanent SSA Disability. I have Medicare only. No retirement, etc
Answers | 1
Financial Adviser in Brooklyn, NY
April 14, 2016
Asked by j819Martinez
Answered by Sonia Renea
Financial Adviser in Fort Worth, TX
Are you a 1099 employee or W2?
Asked by niklecce123
Answered by Katrina Lessard
Financial Adviser in Scottsdale, AZ
Special rules commonly referred to as the "kiddie tax" rules apply when a child ha...
Asked by patriciapotpie
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Insurance Agent in South Jordan, UT
Expense amounts greater than 7.5% of AGI