Posts tagged as:

rent

Ask the taxgirl: Does Renting Mean I Can’t Itemize?

17 January 2010

Taxpayer asks:
Hello Taxgirl! I have a question! I was married last year, and this is the first time I will be filing a joint tax return. My husband and I rent our house, and we paid about $6,000 out of pocket last year for medical expenses (this includes $2000 my husband paid for the health [...]

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Ask the taxgirl: Paying Rent to the Parents

20 October 2009

Taxpayer asks:
Thanks for taking my question.
I moved back home last year after I lost my job. I’ve been paying my parents some rent but I can’t afford to pay the original amount that we agreed on. Can they take the difference between what I promised to pay and what I actually paid as [...]

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Ask the taxgirl: 1099 for Rent

10 February 2009

Taxpayer asks:
I am a sole prop and paid rent to an accountant who is a professional corporation. Do I need to 1099 him?

Taxgirl says:
No, you generally don’t issue a form 1099 for rental payments made to corporations (there are some exceptions). For more on when a form 1099 might be appropriate, check out [...]

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