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 Erin
Answered by Justin Clark
Mortgage Professional in Moreno Valley, CA
If the income does not require you to claim on taxes, such as VA disability, then ...
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...