Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago,
Tax liability from rental income
Hi,
What will be the approximate tax liability if I have the following situation?
1- Rental income from house #1 = $12,000
Mortgage paid = $9000
2- Rental income from house #2 = $4000
Mortgage paid = $3000
Assume I make 50k/yr on w2 from my full time.
Thanks