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How is Prod support roles in Bofa. I heard some flexibility there to change project through IJP. Can I change my project to technical side any time after joining the project? I have been doing Devops certification. Will they give a chance to work in Devops, if I have skills?Bank of America BA Continuum India Pvt. Ltd.
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What do you mean how? You report it as rental income on your tax return
Mentor
Yup. Reported as income on schedules e
Subject Expert
Brown paper bag stuffed with cash is best for illegal tax evasion.
Same as if it came by check or cash.
Don’t report it and have fun with that audit later!
Mentor
It's the same income as if you got it by check. I retain electronic copies of the transactions within my checking account to support the amount received.
There are very specific instances where you can exclude the income (Augusta rule) otherwise it is just ordinary rental income and you can probably offset some of it with expenses.
Legally.
Uhh are you asking how to evade taxes? Wrong platform my friend
If you dont report the income, you cant claim expenses.
I collect through Zillow so I get a tax form. You also would through PayPal or Venmo. That’s much cleaner.
There are times when it makes sense to get a CPA to help with taxes…this seems like that time.