Viewer Q&A: Rental Property Income

0
472
Today on Big Money Real Estate, Ilyce Glink answered a viewer question that could affect anyone who earns income from a rental property. Here’s the question: “I just received a 1099 for income I received from renting my townhouse. This income is less than the mortgage payments I paid. How do I file this on my Federal and State income taxes? By the way, I had no choice but to rent the property because I am underwater. I owe $20,000 more than what the property is worth.” Watch today’s Big Money Real Estate to find out what Ilyce has to say.
Previous articleSolve More Issues the 10X Rule
Next articleCareer Mistakes
CEO of Cardone Enterprises, Cardone Capital, international speaker, entrepreneur, and author of The 10X Rule & creator of 21 bestselling business programs, Grant Cardone owns & operates seven privately held companies and a $5.2 billion portfolio of multifamily properties. Named the #1 marketer by Forbes Magazine, Cardone is also the founder of The 10X Movement & The 10X Growth Conference, the world’s largest business & entrepreneur conference.

LEAVE A REPLY

Please enter your comment!
Please enter your name here