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For Rent in 07018 : Real Estate Advice

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Tue Nov 24, 2009
George Kasimos answered:
The $1,500 a month will be added to your gross income. Then your accountant will subtract expenses such as , real estate taxes, repairs, depreciation, etc... I would definetely talk to an accountant.

I've owned several properties both personally and via LLC. Your accountant should be able to offset most of the additional income you will be showing on your taxes.
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