revenue is not the same as profit

having revenue just means you are doing business. with expenses and depreciation, most rental is a lossing business. you do depreciate your property, correct? depreciation is required.

plus, rental income is passive, unless you can prove that you are a real estate professional, this is not really a "business" per se. there are requirements you have to meet in order to qualify for real estate professional. you need to at least work on the rental for like 20 hours a week or something.

所有跟帖： 

• 太谢谢了. 很有用的信息. -131- ♀ (50 bytes) () 04/10/2009 postreply 08:59:27

• don't you file income taxes before? -caliber- ♂ (567 bytes) () 04/10/2009 postreply 11:57:27

• 多谢多谢! 再问一个LLC资产注册问题 -131- ♀ (240 bytes) () 04/10/2009 postreply 12:03:20

• in US, there's no minimum capital requirement -caliber- ♂ (1094 bytes) () 04/10/2009 postreply 12:58:01