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Rental income tax is applicable to you if you are renting a residential property (such as a house or flat) or a commercial properly (like office space or a warehouse). You are even subject to tax on rental income if you rent a part of your own property to another tenant, for example if one room is rented in the house in which you reside. Find the best tax return preparer as soon as possible, so that there will be no problem with the government which worst can be resulted into bigger penalties.