If you own rental property, you’ll need to file a Schedule E tax form with the IRS to report rental income income or losses. Schedule E is filed along with your Form 1040 individual income tax return.

Raking in some rental income this year? Don’t forget about this form when you file your tax return. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...

With summer vacation season rapidly nearing, lots of Americans are getting ready to rent their homes. This is easier than ever to do with services such as Airbnb, HomeAway and VRBO. It's nice to ...

Are you reporting your rental income the right way? To begin, yes, buying the rental property in the LLC could be the best option. It's important that the LLC is already set up when the rental is ...

New IRS Schedule E Tax Form Instructions and Printable Forms for 2023 and 2024 are now available to report rental property income and expenses. TRAVERSE CITY, MI, US ...

According to the Internal Revenue Service, rental properties can produce both fully deductible losses and equity. Both passive and active losses can result in tax advantages. However, the IRS limits ...

Renting out your home to earn some extra cash? Make sure you properly report your income to avoid being caught in an IRS nightmare. Deciding to rent out a part of your home is an exciting step toward ...

In December, the column “Tax Practice Corner: Short-Term Rentals, the Sharing Economy, and Tax,” covered the income tax implications for CPAs’ tax clients who rent out their properties on a short-term ...

TurboTenant reports that the IRS will know about your rental income, and failing to report it can lead to serious penalties ...