Landlord Question and Answer Forum

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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.

Sherry M, CA on Tuesday, October 17, 2017

RE: business

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!

Posted by Sid F, PA on Friday, October 27, 2017

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