Rental Basics in 20176 : Advice

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Tina Beasley, Real Estate Pro in Richmond, VA
Tina Beasley 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?
Renting your property is considered "income" by the IRS unless the rent amount is less than what you are paying for the mortgage. Any repairs that you do to the property will be a writ ... more
0 votes Share Flag Mon Jul 9, 2012 Rental Basics in 20175
Nancy Pav, Real Estate Pro in 20147
Nancy Pav answered:
can I rent my moms home out while it is in probate?
That's a question that would be best left answered by an attorney! If you'd like the name of a good attorney, please let me know and I'd be happy to put you in contact with one.
0 votes Share Flag Sat Nov 29, 2008 Home Selling in Leesburg
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