taxes and real estate: Dallas TX - Reporting Taxable Income From Real Estate Rentals - 10/30/19 08:31 AM
Last week we covered the general rules around reporting rental Real Estate activities on tax returns. This week we’ll begin to dive into more specific issues related to income tax reporting for Real Estate Investors, by covering the reporting of income on rentals. Today, we’ll cover income related to the lease itself, primarily the monthly payments from the tenant/leasee to the landlord/leasor.  In a future segment, we’ll cover sales of real estate.
 
Most of the taxpayers who come into our Richardson tax office are individual taxpayers who use the cash basis of tax reporting. This makes it fairly simple. Income is … (0 comments)