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SS wrote in message <[EMAIL PROTECTED]>... >I am paying by check but he is not giving me any receipt. How do I >make sure he will pay income tax on rent revenue at end of year? Is >there a IRS form that I can fill out as a renter? > >thanks >SS He doesn't pay tax on Rent Revenue, he pays tax on profit. There may be no profit this year so no tax. In a competitive market, he may lose money during his first few years of ownership. Regards Old Al
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