Federal Income Taxes

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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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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 Dave
Answered by Dave Bradley
Investment Manager (Financial Advisor) in North Charleston, SC
Hi Dave. Interesting question. We recently attended a solar forum about this. This is what we learned from the forum: The IRS has not issued guidance on how long...
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