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Updated over 6 years ago, 05/28/2018

User Stats

24
Posts
6
Votes
Kyle Jenkins
  • Investor
  • Groton, CT
6
Votes |
24
Posts

Seeking advice on basic tax strategy

Kyle Jenkins
  • Investor
  • Groton, CT
Posted

I currently have a condo in connecticut that i will be renting out in august. I am moving to a single family in texas. I am looking for advice on taxes from the basics. 

With this property going up for rent what are tax write off  examples?

When is it worth keeping track of all my possible write offs when the standard deduction is $20k?

Is my rental income taxed?

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