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Can you return a Hertz rental early

Details: Rental Terms. Corporate locations only: Customers who have already started their rental and then decide to extend their rental past a 12-hour grace period and/or wish to change the location of their return will be charged a nominal $10 …

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Is rental property considered Section 1231

Details: Besides, is rental property section 1231 or 1250? While Section 1231 directs the tax treatment of gains and losses for real and depreciable property used in a trade or business and held over 12 months. Qualifying property includes not only personal property (Section 1245 property) but also real property such as a building (Section 1250 property

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Are property taxes higher on a rental property

Details: Rental income is taxable. What's more, this extra taxable income might make you subject to a higher marginal tax rate, which would have you paying more tax on every additional dollar earned. The rental income could also reduce your entitlement to government benefits such as Old Age Security.

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