[Company Logo Image]


Home Up Contents SEARCH 

IRS Enrolled Agent Logo

Why an Enrolled Agent
Certifying Acpt Agent
Free Services
Email Advice
Track Your Tax Refund
Tax Glossary
Neat Facts & Stats
1913 US Form 1040
Questions & Library
Partner Profiles
Tax Calendar
Reasons to Call Us
Links Of Interest
Privacy & Disclosure

Rental Income

If you receive income from the rental of residential or commercial real property (real estate), you use Schedule E, page 1, to report the income and the related expenses. Be advised that, under some circumstances, a net loss from a rental real estate activity may be restricted under the passive activity loss rules. Refer to the instructions for Schedule E and Form 8582.

If you are receiving rental income from a farm property, and the income is based on the production of the farm, you report that activity on Form 4835.

If you receive income from renting personal property, this may be considered a business (Schedule C) if you engage in the activity with regularity and have a profit motive, or if you provide services in connection with the property rental. If you neither have a profit motive/regular activity or provide services, the rental income from personal property would be reported as Miscellaneous Income on Form 1040; see the instructions for that line.



  [Back] [Home] [Up] [Next]

We do not offer legal advice. All information provided on this website is for informational purposes only and is not a substitute for proper legal advice. If you have legal questions, we recommend that you seek the advice of legal professionals.

Tax Disclaimer: To ensure compliance with IRS Rules, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer under the Internal Revenue Code, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein.

Copyright 2017 Wink Tax Services / Wink Inc.
Last modified: January 30, 2017