Topic: Rental Income
Self-Employment Guide with Program Policy Links.
S Corporation An eligible domestic corporation can avoid double taxation (once to the shareholders and again to the corporation) by electing to be treated as an S Corporation. An S corporation generally is exempt from federal income tax. Its shareholders include on their tax returns their share of the corporation’s separately stated items of income, […]
Explanation of Rental Income
Q/A examples of determining income to be earned or unearned.
To complete this quiz, select the correct answer for each question and hit Submit.
Home property – a home is defined as any shelter in which the individual has an ownership interest and which is used by the individual as his/her principal place of residence. The home may be either real or personal property, fixed or mobile. Home property includes all property which is adjacent to the home. Policy regarding […]
Provide examples of allowable and non-allowable shelter deductions.