Malana is an uncommonly occurring given name for women but a somewhat prominent last name for both adults and children (#104257 out of 150436, Top 69%). (2000 U.S. Census). Displayed below is an analysis of the popularity of Malana and affiliated names.
Rental Income: Payments received by a taxpayer from tenants who rent the taxpayer's property, including regular and advanced rent, payments for breaking a lease, expenses paid by the tenant, and. the fair market value of property or services received in lieu of monetary rental payments.
Taxes. Because rent is considered income, it is taxable to the extent that your income is taxable. For example, if your income (including rent) minus any allowable exemptions and deductions is still taxable, then your rent is taxable. However, if you also use the rental property as your home, and you rent it out less than 15 days out of the year, then the rent you collect is not considered part of your income.