Rental property: How to file tax

Standard

Need to read these documents:

  1. Topic 414: Rental Income and Expenses
  2. Topic 415: Renting Residential and Vacation Property
  3. Pub 527: Residential Rental Property
  4. Schedule E: Supplemental Income and Loss
  5. Schedule C: Profit or Loss from Business
  6. Pub 946: How to depreciate property
  7. Form 4562: Depreciation and Amortization
  8. Topic 425: Passive Activities – Losses and Credits
  9. Form 8582: Passive Activity Loss Limitations
  10. Pub 925: Passive Activity and At-Risk Rule

Source: www.irs.gov. Forms and publications can be ordered FREE from IRS up to 10 different products (2 copies of forms and 1 copy of publication of each topic).

**On chapter 3 of my online real estate class. Class started on July 2. Good progress so far.**

 

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