Have you hired a household employee? If so, what are your responsibilities for that employee? If you’ve hired anyone to do work in or around your home and you control how the work is done,
Monthly Archives: January 2015
Depending on which classification your property falls under, there are several different rules for reporting rental income, deductible expenses, and gains and losses from the sale of the property that you should be aware of. The home you use for the majority of the year would be considered your principal residence.