h1 b medha friends valla intlo undacha

[argadorn]

tax returns appudu emi estahru @Spartan @tacobell fan @JambaKrantu.. friend ki cash pay cheyacha ah residential property ki 

[Sputnik]

You mean lease lo lekapovadama?

[Spartan]

friend valla intlo ante.?

u mean as paying guest. or for rent...

unless the person owns the home, nothing changes wrt tax perspective.

[argadorn]

6 minutes ago, Sputnik said:

You mean lease lo lekapovadama?

 

6 minutes ago, Spartan said:

friend valla intlo ante.?

u mean as paying guest. or for rent...

unless the person owns the home, nothing changes wrt tax perspective.

he has resiential property like 3 houses.. vadu valla emi kattu antunaud like less rent compared to area ... and cash lo evvu antunadu ..kavali antay rental agreement online dorikedhi esthanu danitho license lantivi cheyachu antunadu ...  taxreturns appudu home ani evvu em kadhu antunadu ... 

 

@Spartan  paying guest with cash 

6 minutes ago, Sputnik said:

You mean lease lo lekapovadama?

 

[Spartan]

1 minute ago, argadorn said:

he has resiential property like 3 houses.. vadu valla emi kattu antunaud like less rent compared to area ... and cash lo evvu antunadu ..kavali antay rental agreement online dorikedhi esthanu danitho license lantivi cheyachu antunadu ...  taxreturns appudu home ani evvu em kadhu antunadu ... 

 

EMi amount katta mantunnadu...not the EMi itself right...

so he will be considered renter...and nothing changes for tax purpose..regular ga file cheskovadame...

Owner friend  gadu rental income chupioddu ani cash adugutunnadu....because if he shows rental income he has to pay tax. (home owner benefits negate avutai ani.

[argadorn]

1 minute ago, Spartan said:

EMi amount katta mantunnadu...not the EMi itself right...

so he will be considered renter...and nothing changes for tax purpose..regular ga file cheskovadame...

Owner friend  gadu rental income chupioddu ani cash adugutunnadu....because if he shows rental income he has to pay tax. (home owner benefits negate avutai ani.

correct adey annadu  he will get 1 percent benefit ani ... so Manamu rent ani petti tax returns file chestham antay ga ... thanks uncle 

[Spartan]

Just now, argadorn said:

correct adey annadu  he will get 1 percent benefit ani ... so Manamu rent ani petti tax returns file chestham antay ga ... thanks uncle 

yes

[Pitta]

19 hours ago, Sputnik said:

You mean lease lo lekapovadama?

wrong

[gunturfriends]

On 9/15/2021 at 11:12 PM, Spartan said:

EMi amount katta mantunnadu...not the EMi itself right...

so he will be considered renter...and nothing changes for tax purpose..regular ga file cheskovadame...

Owner friend  gadu rental income chupioddu ani cash adugutunnadu....because if he shows rental income he has to pay tax. (home owner benefits negate avutai ani.

I don't think rental income is taxable in USA. There will be property tax and that's it.