Robert Heckes

Santa Barbara Real Estate

January 5th, 2016

Reporting Rental Income, Expenses, and Losses

https://www.irs.gov/publications/p527/ch03.html     Example In February 2009, Marie bought a rental house for $135,000 (house $120,000 and land $15,000) and immediately began renting it out. In 2014, she rented it all 12 months for a monthly rental fee of $1,125. In addition to her rental income of $13,500 (12 x $1,125), Marie had the following […]