Rental Basics in Leesburg : Advice

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Carolyn L. T…, Real Estate Pro in Leesburg, VA
Carolyn L. Thomas answered:
Hi, I have rented out my property that I believe to be well below the fair rental price to a non family member. Is that tax deductible?
Ye-chan,
Always defer to your accountant as to whether or not this type of income will be a deduction for you. There are other calculations an accountant will discuss when you consult ... more
0 votes Share Flag Mon Jul 9, 2012 Rental Basics in 20175
Realtynovice, Both Buyer and Seller in Akron, OH
Realtynovice answered:
can I rent my moms home out while it is in probate?
It is an asset of the estate. In most states the executor/administrator or trustee would need permission of the court unless the power was granted by will or trust and any income would ... more
0 votes Share Flag Sat Nov 29, 2008 Rental Basics in Leesburg
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