Tax, Legal Issues, Contracts, Self-Directed IRA

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James W.
  • Real Estate Investor
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Is rental income taxed the same as regular income?

James W.
  • Real Estate Investor
Posted Aug 3 2008, 11:04

I am a new landlord renting out my first rental property. Does the IRS consider rental income as regular income and tax accordingly (30%)? Are there any special tax breaks or deductions?

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