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Yes, security deposits on rental equipment are generally considered taxable income if they are not returned to the renter. If the deposit is refunded in full, it is not taxable since it is not considered income. However, if the rental company retains part or all of the deposit due to damages or other reasons, that amount is subject to tax as it is considered income. Always check local regulations or consult a tax professional for specific guidance.

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2w ago

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There is no fixed deposit figure. What you will have to deposit depends on the particular rental supplier.


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Law of the California conspiracy statute of limitations


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