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Updated over 7 years ago,

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4
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Tri Le
  • Sugar Land, TX
0
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4
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Question regarding income from rent

Tri Le
  • Sugar Land, TX
Posted

Hi,

I'm new to the forums and looking into purchasing rental properties. I do plan on keeping my current job while I get started.

I'm currently reading the Bigger Pockets tax strategy book and it is very eye-opening and informative but I do have a question about how income from rent is taxed. Is it taxed as income or something else (EX long term capital gains)? Also, if I have enough deductions to offset the income from rent, can the overage be used to lower my taxable income from my corporate career?

Thanks for the advice 

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