Re: How do I make sure landlord will pay taxes on rent collected?

On Tue, 25 Nov 2003 07:31:05 -0500, "oldal4865" <[EMAIL PROTECTED]>
wrote:

>
>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.

Actually, he has to report all his income, and the rent is income,
profit or not.

>
>In a competitive market,  he may lose money during his first few years of
>ownership.
>
>Regards
>  Old Al
>
Sounds like you're a landlord???