hspeck
Level 3
04-03-2023
12:19 PM
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Should tax return of single TP be filed where agi is -$17,000. No other income. Rental of three houses is only income except for socialsecurity.
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IRonMaN
Level 15
04-03-2023
12:49 PM
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Yes, assuming there was enough rental receipts to exceed the filing requirement plus if there is a potential NOL, you would want to report it to allow for some carryovers.
Slava Ukraini!
taxes96786
Level 9
04-04-2023
12:35 AM
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You need to show the IRS how you got to a loss of income.