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Updated over 9 years ago, 04/14/2015
Paid for property
A friend of mines has a house that is paid for and empty. I asked why not rent it out and they had no clue on how or what to do. I told them to come here but they are older and not into computers. So I will post a question for them.
If the property is paid off and they decide to rent it would they have to pay taxes on the rent collected?