Friday, February 4, 2011

Own a Rental Property...The IRS Needs to Know

Do you own a rental property?

NEW tax laws for 2011 ----

If you are the owner of even a single unit of rental property, starting this year you must start tracking all vendors doing at least $600 worth of work for you.  Federal law now requires that you send them an IRS 1099 form.

For more information, visit the IRS website or call your accountant. 



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House of the Week


1755 N. Armstrong

Country living at its best -- $489,000

Wonderful floor plan in this 2600sf Custom Ranch style home. Beautifully landscaped 1.5 acre lot with house and pool. Adjoining 2 parcels totaling 5.95 add'l acres are pasture land with barn and plenty of room for another house or out buildings. Home has been well maintained by its original owner with many upgrades throughout the years. All 3 parcels to be sold together at this price.


Do you have real estate questions or comments?

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