Any landlords here? Do you report rental income to IRS? How do you guys report?

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you normally report your rental income and expenses on Form 1040 or 1040-SR, Schedule E, Part I. List your total income, expenses, and depreciation for each rental property on the appropriate line of Schedule E.

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Yes but you can also write off depreciation, mortgage interest and maintenance costs etc. Usually it’s a break even with my three rental properties.

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Top housing specials in ATL rn?

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My wife and I have 2 children. We got married young and I have handled all expenses since marriage. I've even paid for some of her schooling and have encouraged her to continue finishing her Bachelors (she has difficulty choosing what to study and insinuated that when I mention the drawbacks of certain fields, it puts her off studying at all, she's also in student loan debt because her family took out loans in her name and never paid them off).

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Will Tesla come down under $500 in the next few months?

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I've heard of a few companies that are starting to add student loan repayment as a benefit. Any companies do this in advertising?

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Do most lenders make you refinance if you rent your home out? I'm currently at 2.5% fixed at my primary residence and would hate to lose this rate.

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Wife and I have HHI of ~330k at age 27/28.

What’s a reasonable price point for our first home? We live in Denver btw.

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Is this too much? Thoughts?

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Currently live in capitol hill- love the parks and beautiful streets and restaurants but want my kids to have a big backyard etc. Trying to decide where to buy a house — we love Frederick,MD but ...

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My dreams of retiring in 3 years have disappeared with the stock market decline.... Unfortunately, my retirement income sitting heavily in 401K.😕 Anyone else feeling the same?

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“A child really isn’ that expensive in the first 3-4 years” ~ Spouse 7 months ago. Our bank account after 7 months of pregnancy says otherwise. I’m excited to be a father and I want to be a good father, but there is zero chance this child is going to remember or even care what decorations we chose for the nursery. Advice on picking battles over expenditures for a future child?

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Hi guys I have a query. I am earning 40L plus per annum and spouse close to 10 L annum since I was interested in on-site opportunities which I have not got in my 12 year career I decided to apply for study visa for USA , uk , Australia, Canada . Got study offer from every country but based upon weather conditions I thought not to go to Canada and also giving IELTS 8777 is difficult for PR. Second option USA fees 25lkhs for 1 year course in MS in Business Analytics is good where every candidate

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Anyone take benzos (e.g. Klonopin) regularly and feel they are heading down the addiction path?

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Additional Posts in Desi Consultants

Any directors or Senior managers in here going through H1bs or all of them green card holders?

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Have dual citizenship, I have American passport but Pakistani passport is expired and have not revoked my Pakistani citizenship yet. Can I renew my Pakistani passport and travel with it during covid Times? As American passport travel is banned currently.

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Jai bolo Rahul Gandhi ki

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Sadhvi Pragya vs Diggi Raja(king Digvijay Singh)
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