Calculate Rental income for tax, Rental income
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 Apr 2 2025, 07:31 AM
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#1
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3,832 posts Joined: Oct 2011 
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QUOTE(mushigen @ Apr 1 2025, 06:36 PM) Tumpang, hope TS does not mind: Means your rental income is "0".Q: if rental is less than (loan interest+ maintenance fees), do we still need to report to LHDN, since we're making a "loss"?  mushigen liked this post
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Apr 2 2025, 07:35 AM
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#2
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Senior Member
3,832 posts Joined: Oct 2011
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QUOTE(jucl @ Apr 1 2025, 02:23 PM) As my house only started to rent out in Aug, can i consider my housing loan interest from Jan to Dec 24 instead of taking only the interest from Aug 24 to Dec 24 You can only deduct interest from Aug 24 to Dec 24. Every deduction (cukai etc) also need to be prorated.This is because i tried to rent out my house but since no taker, house was empty for 7 months while interest continued to be paid to the bank |
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