Rental tax of 6 family

Hi

I know that an excat answer will only be given to my by a CPA but I want to know in general-
Lets say I have a 6 family which I live in and rent the other 5 units. My expensses will be -
around 6500$ a month which includs the mortgage, pmi, proporty tax, water,gas and elec.
now. Let’s say I earn from the rent 9000 a month. How much will I need to pay tax on that income?

By shjom | 03/01/2009 10:09 AM