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Updated almost 2 years ago on . Most recent reply

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Luke Predmore
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Avoiding taxes on Rental Income

Luke Predmore
Posted

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
#5 All Forums Contributor
  • Investor
  • Greer, SC
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John Underwood
#5 All Forums Contributor
  • Investor
  • Greer, SC
Replied

That would still be considered income that you will legally need to pay tax on.

  • John Underwood
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