title company report any real estate transaction to IRS, cash or

回答: how will IRS know that my other house has been rent?meowi2011-11-06 21:44:21

If you do not report to IRS of your rental income, you are playing fire. If IRS does not audit you, you are ok. But if IRS is somehow alerted, it is so easy to know it is a rental property. IRS can knock on the door and ask the tenant how much rent they pay every month.

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