Rental Property Purchases



ORIGINAL POST
Posted by SweetSue 16 yrs ago
We are looking into a small flat in town for an investment, @ 350 sq ft + 250 sq ft veranda, $1.3M, payment in cash, now tenanted @ $5.5K month. It's an older walkup but okay and very convenient. And I'm planning to retire within the year. Does anyone here know what the tax would be on this, rental income?

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