(See Schedule A form, Schedule E form, 1040 form line 17 - rental income and losses)ġ040 form line 17 - rental income and losses The main tax form that all American's file each year and summarizes all of the income and expenses of an individual taxpayer. The recent trend in the courts to favor consumers tends to prevent sellers from using "as-is" wording in a contract to shield themselves from possible fraud charges brought on by neglecting to disclose material defects in the property. An "as-is" indicator is intended to be a disclaimer of warranties or representations. Words in a contract intended to signify that no guarantees, whatsoever, are given regarding the subject property and that it is being purchased exactly as it is found. The goal is to make the home as appealing as possible to the most potential buyers. It might involve redecorating, rearranging furniture, cleaning and other aesthetic strategies to present the home in the best possible light. Put simply, staging means preparing the home for a potential buyer - or "setting the stage,".
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