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I own a home in California and have rented it out,is this considered my business and do I need to now pay tax because of that business,I have never heard of this can anyone inform me thank you.
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https://www.irs.gov/taxtopics/tc400/tc415  Copy and paste that into your web address bar. Its the IRS website. It will give you the information you need to know about renting out your property. Congrats!
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