For all you landlords who use Zelle to collect rent, are you really recording the full amount for taxes 😳? I see a good amount of folks who under report their Zelle…

likefunny
Posting as :
works at
You are currently posting as works at

The IRS has entered the chat 😂

funnylikesmart

The IRS has bigger fish to fry and they can't even handle them

I report the proper amount. The payments in Zelle match the amount in the lease.

The depreciation and expenses reduce my rental income to nearly zero, no reason to hide revenue just to save a few hundred bucks.

like

I report every penny of income and take every deduction.

like

You’ll get away with this until you don’t. Then you wish you didn’t under-report. Just like EY 1 said, the IRS has entered the chat

like

There really is no reason to under report the rent receipts. There are plenty of deductions to offset that don’t affect cash flow (e.g. depreciation).

like

Hmm

like

Related Posts

Is there a demand for privacy professionals? Been seeing this discussed more and more recently

like

I was a basis admin for validation team for 6 years and then I have been working as a product owner in automating implementations and other activities in ECS. I recently did a Mtech in software engineering. can I look at a full time developer career or continue as a product owner or move to SAP implementation. Any suggestions?

like

Looking for some UGC gigs. I can do unboxing and demos. Rates start at $100 for a video, and $20 per photo. which is significantly lower than others in the market. Just trying to get more content creation under my belt. I specialize in social media as a director in a marketing agency, so I know what will perform. Give me a holler if you need UGC for your brands! :)

like

Anyone up ? 😉

like

what is notice period or leaving GDS -Sat service line

like

Generally how long are on sites? Are they all on one day’s block? The entire 4 hours?

helpful

What kind of comp package (Sign On, Base, Bonus, Equity) should I target for L4 Product Strategy Chicago?

like

Hi All

Received offer from HCL for 19LPA
YOE 7.1
Band E3
Associate Consultant
Domain Network Security

CCTC 14LPA
I asked 20LPA.

Is 19 LPA good package for the E3 band?

like

Question for F🐠. Someone asks you to keep them company via text, social media, maybe a phone call sometime etc. You'll be payed to do this. Would you do it? And what are your terms?

like

Has anyone actually found love at work? My best friend started at a new company 6 months ago and she just took an offer somewhere else because she and her senior manager fell for each other. After 6 months she knew it was worth leaving her job for! I've been working at the same place for three years and I went on one date with a guy who didn't even work with me he just worked in the building. What am I doing wrong.

like

Any recommendations for healthy restaurant dinner options that are easy on the digestive track? I usually workout after dinner, and have had some pretty bad bouts of IBS afterwards.

like

PwC Hong Kong has been appointed to advise to Open ANX foundation

Is the difference between big 4 and MBB in compensation huge at top levels (SM and up)?

likefunny

What are good KPIs for personal injury support staff?

like

Leaving my dog a rover sitter for the first time. He has good reviews and repeat clients. Any experience with rover? Any suggestions on how to vet the sitter prior to boarding?

What is a good OTE for a customer success manager located in SLC exiting Salesforce with three years of experience in strategic customer success. I am seeing initial offers ranging from $100k OTE to $160k. Salesforce Adobe Microsoft Qualtrics Celonis Inc

Is Al’s Subs better than Casa Razdora? Why or why not?

likefunny

Tax Staff 1, currently making 56k. You think it’s wild if I ask for 59/60 as a salary raise ?

likefunny

Make body transformation possible at 31? Used to be athletic, now drink a 6 pack and say ready to party.

like

Additional Posts in The Real Estate Bowl

I’ve been thinking about getting into real estate investing. Not right now but later down the road. I’ve been trying to save up for a down payment. What are some good resources for a beginner? Blogs, YouTube, books etc I’m not looking for paid courses because I will be learning at a slow pace. Any help will be appreciated.

like

I have the opportunity to buy a new build in ATX for 310k at 5.625% 30 year. Should I buy it? I can either:
1) rent it out
2) sell it

It's not my primary and I don't need it to live in. The news about a housing market crash is worrying me. Any advice?

like

Who has done FSBO? Thinking of doing it for 2 of my houses that I’m selling in the spring time.

like

How soon should you think about refinancing? Closed about two months ago at 3.25 (30 years) but rates keep dropping...

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Correct me if I'm wrong but isn't it more advantageous to have low housing prices and higher interest rate? If that's the case, you can always refinance when/if the interest rate lowers again. Is there something I'm not seeing?

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

Looking to buy in the DMV suburbs (northern VA). Is this the wrong time for such a move? Beyond down payment, got about 6mo emergency fund and must tap into it for moving&house expenses like furniture

like

Currently looking for a roommate to share a 2 bed apt with in suffolk county long island. Message me if you are interested. Budget around 1300-1600

like

Anyone here used Mynd or Ziprent property (or similar )property management companies? What has your experience been like? Would you recommend?

like

What's the best city in UK to buy a buy to let property, with best returns?

like

Whats the best website to compare neighbourhoods within your state? Combed thru Niche but looking for additional reviews of people who lived there

like

Hey everyone, curious about pros/cons and profitability of renting out a unit long term vs AirBnB. Let’s say it’s a condo downtown in a big city, how do you figure out what’s the better option?

like

Looking to buy a studio in NYC (~600k). How low should I go below asking price when making an offer (especially given that the price went down 5% two months ago)? I’m thinking 15% below asking. Location is okay, no view, and a month to month renter in place. Thoughts?

like

Hi - any good books recommendations for getting started on real estate investing?

like

Is it common for HOA to ask you to prove your car registration is up to date?

like

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

So I am about to move to D.C this fall for work. I'm really interested in Real Estate and renting places out but don't know where to start. Should I look into getting a license or just putting down money on a place to own and then renting it out? What makes the most money? How long would it take to see income?

like

I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

like

Anyone want to aspire and get their real estate licenses together for a side hustle?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal