I would think that since it’s my primary residence it wouldn’t have to be, but I know that’s just too easy to be true. Yes you do need to report it. If you make a profit report on a sch E that attaches to the 1040. BUT if you only charge for expenses used by [...]
Category: rents | 5 Comments »Because I want to. But my parents aren’t that accepting about anything they’re unfamiliar with. Having been in your situation 10 years ago, I fully understand your concerns. I grew up in a Mediterranean household. Every meal had meat in it. The idea of becoming vegetarian was the most LUDICROUS thing my parents had ever [...]
Category: rents | 9 Comments »