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Tag: landlord taxes

2011 Tax Overhaul for Landlords

By on December 28, 2010 in Off Topic with 0 Comments

Earlier this year, a bill named H.R. 5297: Small Business Jobs Act of 2010 amended tax reporting rules for landlords.  Section 2101 establishes that, “a person receiving rental income from real estate shall be considered to be engaged in a trade or business of renting property”.  Previously unincorporated landlords were not considered a “business” and […]

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