28
Feb
Posted by: admin - 1 Comment
One comment for “How do I report my property if I own the house and receive rental income from tenants living WITH me?”
.1
v b
Read publication 527.
Are you renting at full market value or not?
If not, you put the rent on line 21 as rental income and the prorated expenses (up to the amount of rent) on schedule A.
References :