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Avoiding taxes on Rental Income
So I am about to start renting out part of my home. Is there a way that I can avoid paying taxes on the rental income? Could I have my renters pay my mortgage rather than pay me? Like have them give me a money order that's written out to the mortgage company every month instead of writing me a check?
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John Underwood
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That would still be considered income that you will legally need to pay tax on.