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All Forum Posts by: Jessica Ko

Jessica Ko has started 2 posts and replied 6 times.

Post: 2nd home in TX and rented out.

Jessica KoPosted
  • San Fernando, CA
  • Posts 6
  • Votes 0

@Ashish Acharya and @ Michael Plaks, 

Thank you very much for the info!

Post: 2nd home in TX and rented out.

Jessica KoPosted
  • San Fernando, CA
  • Posts 6
  • Votes 0

I live in CA and own a 2nd home in Texas. I rent out the TX home from October through December 2017.

I know that Texas has no state income tax. Does this include net rent for my rented home as an individual?

For example, if I show a positive net cash flow of $900 for the rented property, is the IRS going to collect any in the form of taxes in Form 1040?

Thank you,

Jessica

Hi Jay,

Thanks for the advice. 

After I reported the deceptive ads with Trulia, Trulia immediately replied that the link

http://www.trulia.com/rental/3186967452-14462-Brand-Blvd-San-Fernando-CA-91340

was removed. However, it is not true because the link still works. Therefore, I am going to report this possible fraud to department of real estate and other government agencies.

Thank you again.

Hi there,

Someone is using our property address and pictures to post advertising on Trulia, which resulted in the same property address with 2 different rent and the confusions. One of tenants found this situation and asked to check it out. See below links. The top link is deceptive advertising and the bottom is genuine.

http://www.trulia.com/rental/3186967452-14462-Brand-Blvd-San-Fernando-CA-91340

http://www.trulia.com/rental/3186955565-14462-Brand-Blvd-San-Fernando-CA-91340

Please suggest that how to report this deception to Trulia and what kind of legal actions I should take to protect ourselves.

Thank you,

Jessica