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Rental Property

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lmd2go

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Post Posted: Thu Mar 05, 2009 12:50 pm    Post subject: Rental Property
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I rent my primary home out because my job location (same state but over 100 mi). I now rent an apartment. How do I get my tax breaks because Im losing every month.
Icon Mini Profile jheard
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Post Posted: Thu Mar 05, 2009 3:26 pm    Post subject:
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Your primary home is now a rental property. There is too much to explain regarding rental properties and taxes. Check out the IRS website and look at the itemized expenses form.
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Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation.
Icon Mini Profile manoj_gopale
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Post Posted: Fri Mar 06, 2009 10:24 am    Post subject:
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there are some of the online websites which do gives you standard forms to be filled for the tax purpose if you are renting your property you can check with them.As we do not have the standard forms available for the specific query addressed by you. Arrow
Icon Mini Profile gmakerley
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Post Posted: Mon Mar 09, 2009 12:12 pm    Post subject:
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forget online websites other than irs.gov. the irs is the only sensible solution for someone who lacks knowledge, unless you have a viable tax accountant with whom you would work to do your returns. and by viable, i don't mean the storefront folk who open up on january 1 and close down on april 16.
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