I received 1098 for my mortgage interest and in box 5 there is Real estate tax paid. is that Tax deductible?
Monday, April 28th, 2008mehari d asked: I received 1098 for my mortgage interest and in box 5 there is “Real estate tax paid”. is that Tax deductible too? or I can only deduct box 1 mortgage interst payment?Maria
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Is direct selling / MLM, Real estate investment and Stock market investment all subjected to income tax?
Monday, April 7th, 2008danielpsw asked: Best answer 10 points!
All active or earned income from employment and business are subjected to income tax.
Do passive income from real estate and stock and direct selling business / MLM subjected to income tax?
Note:
Forget about stock and real estate capital gain tax because there is none in Malaysia.Dominique Swofford
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