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Respond to the Client's Email below in the form of email/letter response answering each question with primary sources to support the tax position and recommendation
Respond to the Client's Email below in the form of email/letter response answering each question with primary sources to support the tax position and recommendation for the client. The topic is Rental Income and Rental Expense. Look for Primary sources related to Tax to answer the questions below.
3.) Brad also pays property taxes of $3,790 per year and he pays mortgage interest o f $11,000 and mortgage principle payments of $9,000. Are any of these items deductib le? 4.) My place is inexpensive because we rent from my aunt and she charges us low rent of $500 per month under the table and we give her cash, can we deduct this rent? doe s my aunt have to recognize this rent if we pay her cash? Sincerely, Tiffany and BradStep by Step Solution
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