Taxes Questions and Answers

What is the status of my rebate from atlantagas?

Mr. & Mrs. Douglas H. Beard
Kennesaw, Georgia
Rebate for tankless water space heater


Answers: For All Other Inquiries Contact Atlanta Gas Light:
Phone:
Mon. - Fri.: 7a.m. - 8 p.m.
Inside Metro Atlanta: 770-994-1946 (Se habla Espa~nol)
Outside Metro Atlanta: 1-8OO-427-5463 (Se habla Espa~nol)

Fax:
1-8OO-442-1427

Write:
P.O. Box 4569 Dept. 6250 Atlanta, GA 30302-4569

Email:
Aglcustomercare(a)aglresources.com





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What is :itemize deductions? plz help?




Answers: For US citizens who file as single and are not a dependent, the standard deduction is $5350. No documenation is needed.

If the same individual can itemize and comes up with a higher total, they itemize. Things that can be itemized are excessive medical expenses, mortgage interest, state and property taxes, charity, etc.
Look up 1040 Schedule A instructions on the internet.

How do I report my property if I own the house and receive rental income from tenant living WITH me?

I purchased a home in 3/07 as my primary residence. I am young-looking so I also have roommates living near me. How do I report this property and the rental income? Investment income? Rental property?

I just go through turbotax and I am pretty confused about this. Thanks for your abet!


Answers: Read publication 527.
Are you renting at full market utility or not?

If not, you put the rent on line 21 as rental income and the prorated expenses (up to the amount of rent) on programme A.

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