Earn a rent income or sold property? Compute tax!

Posted: 15 Jun 2011 07:19 PM PDT

We discuss here what you need to know about computing taxes on the rental income for a house and the capital gains from the possible sale of a house is taken up for discussion in this article. A. Tax on Rental Income from a property When you own two houses and let out one of them for rent, you receive an income for which you need to pay tax. In such a scenario, the taxable income from the...

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]