true or false in the case of personal/rental property, a taxpayer can deduct expenses only to the extent that there is rental income.

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04-11-2022
Business

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true or false in the case of personal/rental property, a taxpayer can deduct expenses only to the extent that there is rental income.

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SidHussain SidHussain · Answer 1 · 2022-11-08T07:44:12-05:00

The statement ' in the case of personal/rental property, a taxpayer can deduct expenses only to the extent that there is rental income' is true.

A taxpayer is a person who pays a certain set of money for the assets that he has brought.

In many countries, it is important for the people of the country to pay taxes for the consumption of services or properties that are under their name.

If you own a property, then one method to deduct expenses is that you set the property on rent and receive a rental income. A rental income will help in deducting your expenses.

To learn more about taxpayer, click here:

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