-Easier at home. Whats to debate?

iVillage Member
Registered: 05-19-2008
-Easier at home. Whats to debate?
2829
Tue, 07-08-2008 - 9:18pm

I am a teacher off for the summer.

Pages

iVillage Member
Registered: 02-08-2008
Tue, 07-15-2008 - 12:41pm
Can you give me an example of what income is reported besides your dh's paycheck?
iVillage Member
Registered: 02-08-2008
Tue, 07-15-2008 - 12:41pm
So now I live in LOWER middle class? You know WHERE I live?
iVillage Member
Registered: 02-08-2008
Tue, 07-15-2008 - 12:42pm
Oh, the people I know are frequent church-goers, who volunteer and do great things in their community.
iVillage Member
Registered: 08-08-2006
Tue, 07-15-2008 - 12:42pm

It works the same way, except there are some benefits if you rent to a relative.


From http://www.irs.gov/publications/p527/index.html


"If you rent part of your property, you must divide certain expenses between the part of the property used for rental purposes and the part of the property used for personal purposes, as though you actually had two separate pieces of property. "


I have rented out my home, though only when I have lived elsewhere.

iVillage Member
Registered: 04-22-2005
Tue, 07-15-2008 - 12:43pm
That's what we do - we just gather up stuff, take it to Goodwill, and get a donation receipt. We figure it's way less of a hassle.



Photobucket












iVillage Member
Registered: 02-08-2008
Tue, 07-15-2008 - 12:44pm
So how do you claim that garage sale income?
iVillage Member
Registered: 03-26-2003
Tue, 07-15-2008 - 12:45pm
Don't you remember the math curriculum debate?
iVillage Member
Registered: 02-08-2008
Tue, 07-15-2008 - 12:45pm

My question was:

Do you or do you not know all the renters in your area and if they are renting legally or illegally?

I have rented before but do not know if the apts. were legal or illegal.

iVillage Member
Registered: 04-22-2005
Tue, 07-15-2008 - 12:46pm
She said it would be reported as "other income".



Photobucket












iVillage Member
Registered: 02-08-2008
Tue, 07-15-2008 - 12:46pm
Again, do you have experience renting out of your home?

Pages