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Go Back   Freemason Hirams Travels Masonic Forums > Business & Finance > Taxes

Taxes Taxes

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Old 03-02-2008, 07:51 PM
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Claudio F has a spectacular aura about
I want to rent out my house and go to live with my mother for a few years....

...How much in taxes will I pay? How much income taxes for the rent will I pay?
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Old 03-02-2008, 07:52 PM
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Great Question! Your best bet is too go to a local Financial planner is your area. OR a accountant.

Best of luck Ray
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Old 03-02-2008, 07:52 PM
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Conact a CPA or accountant in your area. What you pay in property taxes and interest on the property may offset what you collect in rent, so it COULD be a wash, but again, find an accountant or a CPA in your area. Every state is different.
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