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June 1, 2019
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If I made less than $10,000 even with a rental property, do I still file taxes?

  • June 1, 2019
  • 1 reply
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I have a rental property, plus I did a couple of artistic mural jobs. Last year, I made under $10,000 from those from all the repairs done to my rental property.

Just making sure I don't need to file taxes, right? It's my first Rental Property (condo given to me so it's all paid for) so I wasn't sure.

Best answer by DavidD66

If you have a rental property you should file a tax return so that you are reporting the depreciation.  Also, if you were paid more than $400 for your artistic work, then you might owe self-employment tax on those earnings.  I would recommend that you file a tax return.

1 reply

DavidD66Answer
June 1, 2019

If you have a rental property you should file a tax return so that you are reporting the depreciation.  Also, if you were paid more than $400 for your artistic work, then you might owe self-employment tax on those earnings.  I would recommend that you file a tax return.

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