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From: Jean
Date: 10/11/03
Time: 1:11:46 PM
Remote Name: 209.240.198.63
Also it does not matter how much you make on a buisness, after it reaches the limit of hobby money, you have to pay quartely. Having rental property might fall ito aa class of buisness and quartely taxes, even if no money is made. I think if no money is made. I think it then falls into a loss and you can get a lot of money back from the other taxes you owe because you start to (forgot the word) but you can charge off so much as the property gets older.