Ask a CPA

Generally not. Rental income from real estate is not considered self-employment income subject to self-employment tax. The exception to this is if you are considered a real estate dealer or income from a rental business where substantial services are rendered to the occupant.

If you only gave one lecture and only plan to give occasional lectures then that income is not subject to self-employment tax. If you actively seek lecture engagements and give them with reasonable regularity then your lecture fees are treated as income subject to self-employment taxes.

The Royalty checks for writing a book is considered income subject to self-employment tax if the recipient can be considered to be regularly engaged in that business or profession and will report this activity on a Schedule C.
The Royalty checks for writing a book is not considered income subject to self-employment tax if the recipient writes only one book as a sideline and will report this activity on a Schedule E

Yes. Income earned as a consultant is subject to self-employment taxes.

Generally, most babysitters are not employees of the parents they are providing babysitting services for, unless they are employees of a daycare or childcare center.
Self-employed babysitters file tax returns using the 1040 Schedule C and SE to report their earnings.
Depending upon the babysitter's tax liabilities, the babysitter may be required to remit quarterly estimated taxes.

Real estate taxes are generally deductible as an itemized deduction on schedule A.

Generally, expenditures for things which have a useful life over a period of years are capitalized and then systematically expensed over the useful life of the asset. Expenditures with a life less than 12 months can be fully expenses in the current year.

Depreciation and amortization is the systematic write-off of an asset over the useful life of the asset. Amortization refers to intangible assets and depreciation refers to the write-off of tangible property.

Generally,life insurance premiums cannot be deducted by a business. A CPA can work with you to creatively legally deduct life insurance premiums. For example, Life insurance premiums which are part of a pension plan contribution can be deducted by the business. Speak to a CPA to learn more about this.

The characteristic of an open end fund is the value of and the number of shares in your portfolio change daily as investors purchase and redeem shares. This is different than a closed end fund which issues a fixed number of shares that trade similarly to shares of publically held corporations listed on the stock exchange.The daily price of a closed end mutual fund may be below or above the net value of its investment portfolio.