rent as income,mortgage and other expense as expense.
Even get rent as cash, you better pay some tax in case of auditing.
Yes, you can. You need to pay tax as inventest property.
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That is not very bad; good to know that.
-QinHwang-
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11/16/2007 postreply
11:42:13
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Remember there is an AGI limit for claim expense/loss.
-FaCai168-
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11/16/2007 postreply
20:31:17