Rental income is compensation received from assigning the right of possession of an item. Typically, the leased item is an apartment or a property, but it may also be, for example, a vehicle or a tool. Even minor and occasional rental income is taxable income.
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Rental income is compensation received from assigning the right of possession of an item. Typically, the leased item is an apartment or a property, but it may also be, for example, a vehicle or a tool. Even minor and occasional rental income is taxable income.
