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Is rental income taxed the same as regular income?

Julian Anderson | 2023-05-07 23:44:10 | page views：1735
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Sophia Lee

Works at HealthWise Medical, Lives in Toronto, Canada.
The profit or loss from the activity is included in income and taxed at your ordinary income tax rate.Rental income is classified as passive income for tax purposes and it is not subject to self employment taxes.
2023-05-17 23:44:10
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Harper Adams

QuesHub.com delivers expert answers and knowledge to you.
The profit or loss from the activity is included in income and taxed at your ordinary income tax rate.Rental income is classified as passive income for tax purposes and it is not subject to self employment taxes.
Is rental income taxes as regular income? - TurboTax Support
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