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re: Employee Payroll Tax Withholdings-Question
Posted on 7/30/13 at 2:07 pm to Ace Midnight
Posted on 7/30/13 at 2:07 pm to Ace Midnight
quote:
However, are we talking about $5000 to $6000 in gross rent? Or quite a bit more.
Hoping for about $11K/year.
quote:
Yeah, I would increase the deductions to 2 now
quote:
I want to owe as much as possible, without being in the penalty
This is what I was asking. I don't want any return, I want my money when I earn it.
I will be going from standard deduction($5950) to itemized(interest+prop tax+homeowners ins+expenses). Does that sounds correct?
1
Posted on 7/30/13 at 2:12 pm to Oenophile Brah
quote:
I will be going from standard deduction($5950) to itemized(interest+prop tax+homeowners ins+expenses). Does that sounds correct?
There are tons of benefits to being a landlord. If you're doing your taxes yourself, for now, you need to read IRS Pub 527 from cover to cover.
LINK
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