I have a rental property that shows a loss each year after expenses. Should I include that in my return?

Yes, anyone having a rental property located in Sidney is required to file a return and include a copy of their Schedule E or applicable schedule of income and expenses for the rental. A return is required each year even though losses may have been incurred. Also, any Sidney residents having rental properties are required to file on those properties no matter where the properties are located.

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1. Who is required to file a Sidney income tax return?
2. Who must file and pay estimated tax payments?
3. When are estimate payments due?
4. How much estimated tax am I required to pay?
5. Can I get help completing my Sidney tax return?
6. Are students exempt from Sidney income tax? Exempt from filing a return?
7. What schedules or supporting documents must I attach to my return?
8. I have a rental property that shows a loss each year after expenses. Should I include that in my return?
9. May I offset my self-employment losses, rental losses or other losses against my wage income?
10. My W-2 has differing amounts in the federal income box, the local income box and the Medicare box. Which amount should I show as taxable wages for my city income tax return?
11. I live in Sidney but work in another city and have tax withheld for that city. Do I get credit for that against my Sidney tax liability?
12. When are tax returns due?
13. What are the penalties and interest if I don't file?