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So I am just Studying... and I think I may have staff for my rental Homes? FYI... my workers are my sixteen 12 months previous Young children so I haven't got to pay for the many charges that generally go along with obtaining workforce given that They are really underneath 18 and they are my Young children. I by now did W2's for them.
As mentioned earlier mentioned, you do not ought to file a tax return Unless of course your self work earnings is in excess of $400, or your cam girls complete revenue is a lot more than $6300. Having said that, if you do file a return for just about any purpose, you will need to report this cash flow combined with the rest.
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I am a Landlord and I've numerous Homes and workforce. I believe I'm able to generate off 50% of a meal After i take my staff out for lunch although we have been working and even now discussing The work of 1 of my rental properties. BUT the place do I set that expenditure on my Routine E? Beneath "other" and label it "fifty% food"??
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Can TurboTax notify me my MAGI? I saw the posting that specify ways to estimate it (AGI Additionally some deductions) but TurboTax has all that facts. Can it just notify me the range?