Tamara J. asked

💰  Tax

In rental income, which line does child support courts look at when determining income? When depreciation is added back, does the entire amount get added back as income? If depreciation amounts to 20k and the person makes 3k net, do they say it’s 23k income? Are the deductions of property tax, healthcare, and repairs added as deductions after adding in depreciation?

May 30th, 2024

Patrick R. answered

Each court case is determined on a case-by-case basis. Generally, state courts will look at the inco...

May 30th, 2024

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