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IRS Method
The approach or procedure specified by the Internal Revenue Service for calculating or reporting tax-related information.
Net Rental Income
The income received from rental properties after deducting expenses such as mortgage interest, property taxes, maintenance, and management fees.
Security Deposit
Money paid upfront as security against damage or non-payment, commonly associated with rental agreements, to be returned or applied as per agreement terms.
Rental Income
Income received from renting out a property, such as a house or an apartment.
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