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Updated about 7 years ago,

User Stats

17
Posts
6
Votes
Gerald Jarreau
  • Investor
  • Baton Rouge, LA
6
Votes |
17
Posts

Question about taxes

Gerald Jarreau
  • Investor
  • Baton Rouge, LA
Posted

Last year I needed to move in with my mother to take care of her. I rented out my condo. I do not have a business set up. My question is how do I prepare to pay taxes on the income I have earned? Do I need to set up a business? I was thinking no. I hate to itemize stuff, but if it's necessary I could. With the new double standard deduction, I might still come out ahead by not itemizing. I really have no clue. Could anyone post some ideas as to how they'd do it? Do I just need to see a CPA, or can I do it myself simply?

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