Positive Cash flow tax rate
Hello,
Im going to be in a situation this coming year of having a positive cash flow from my rental properties and had a question im hoping can be answered on here...
Will my positive cash flow from rental property be taxed seperately (my tax bracket) or simply added on to my yearly adjusted gross income and then taxed?
I do an itemized tax return and have a regular w2 yearly income also....
Thanks for any help!