Recent content by belmar77

Yes, we need to: we do some part-time jobs and our joint income just exceeds the limit of no tax return limit.

It is commercial lease thereby the tenant claims the rent payments in his business expenses.

Sincerely appreciate your feedback. I overlooked and missed the fact that TBE is a Florida creature not Federal, as you correctly highlighted. I am sorry. My husband signed “repair agreement” with tenant thereby the tenant did not pay rent ($300) for February 2021, instead the tenant paid (that...

Once again sincerely appreciate all your inputs. Let me explain the matter in more detail and request your feedback. As per Florida law, a tenancy by entirety (TBE) property is treated as a property that belongs to the husband and wife in total: the property is not subdivided based on...

Greatly appreciate your feedback!

Thanks each one of you, appreciated. Now the matter is clarified and I am happy. I have another related question. We (I and my husband) did not pay the Florida sales tax because the agreement my husband signed with the tenant (for paying the repair costs) states that the rent is waived for the...

What is the name of your state? Florida As per Florida law, a tenants by entirety (TBE) property treats the husband and spouse as a unit. Instead of each spouse holding a partial interest, each spouse is considered to own the entire property. I have a TBE rental property with my husband in...