Federal Income Taxes

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Asked by sandra.mury
Answered by Deborah Peterson, Financial Advisor in Charlotte, NC
That depends on the type of income it is. Is it social security income? Were taxes withheld on any of the income you received? If yes, then you would need to file t...
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Asked by beverlycrousept
Answered by David Moore, Financial Adviser in Brooklyn, NY
YES. Generally speaking, all income needs to be reported for tax purposes. This includes rent money, even if the expenses of owning the home are greater then the ren...
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Asked by an anonymous user
Answered by Saul Simon, Financial Planner in Edison, NJ
No you cannot, a Roth is not deductible
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Asked by Dave
Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC
Hi Dave, Check with your tax advisor for specifics in your situation. There are exceptions for Real Estate professionals and special rental loss offsets for landlor...
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