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Rental Income
Individuals holding property for rent. Rental properties can make good investment options as they diversify an individual’s overall portfolio, the mortgage can often be satisfied by the rental payments as equity grows in the property, and with the allowable deductions, including depreciation, a loss may exist that allows the individual to lower their total income...
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Many individuals have rental properties and will ask questions regarding the tax implications of such rental income.  In the video below a Denver tax lawyer  discusses general issues regarding rental income, including Schedule E, which is generally where rental income would be claimed.   You can contact The McGuire Law Firm to speak with a...
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