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What are the benefits to rental property investment?
A rental property can be a useful long-term investment. If someone is renting your property, you will be getting a sum of money every month just because you own the place.
Is purchasing foreclosed property a good way to invest in possible rental property?
it all depends on the property itself. If the property was run down and didn't look like it would make you any money there would be no point. If the property was in a nice location and nicely decorated and would attract people to rent it then its a sure fire way of getting a little extra cash in your pocket.
Does pocket money teach independence?
Pocket money does teach independence because children will know how to spend their money when they grow bigger. Children should be given pocket money to learn their maths as well. Make sure that children do not waste pocket money on waste. Children should be given pocket money so that they can learn how to save money and use it on something good. I hope this helped!
Where does Scrooge work at in the present?
He runs his own trading company, money lending and property rental
Why is pocket money called pocket money?
Pocket money is called pocket money because money was put into the pockets.If money was in the pocket, the person could spend it
How does pocket money teaches independence?
Pocket money does teach independence because children will know how to spend their money when they grow bigger. Children should be given pocket money to learn their maths as well. Make sure that children do not waste pocket money on waste. Children should be given pocket money so that they can learn how to save money and use it on something good. I hope this helped!
If your rental property is losing money can you deduct the loss against income?
Yes, rental income should be reported on Schedule E and the net profit or loss is transferred to Form 1040 and can offset income. Be careful of passive loss limitation rules though.
When someone dies and the rental is abandoned what do you do with the personal property?
There are specific laws in each state about abandoned property. After a certain period of time you can sell the property and put the money into escrow for the estate.
Should pocket money be given to children?
yes they sound
What constitutes income in a child support hearing?
All of the money you make. If you have a salary, if you own rental property, if you get dividends from stock - whatever money you receive is your income.
Should pocket money be compulsory?
If jobs are done first then yes it should be compulsory.
What is money in your pocket called?
pocket money
