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What do I claim for Annual Income Rents?
For rental income, it asks me to put in Annual Income Rents...What exactly am I to put in there? the full annual amount of rent collected or just the income extra after mortgage payment is taken off?
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October 29, 2019
7:51 PM
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Getting started
You will enter the gross amount of rent collected for the year (before any expenses).
You claim your expenses/deductions from this amount separately.
October 29, 2019
7:51 PM