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.

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

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 ...

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 ...

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 ...

Real estate stands as a cornerstone of wealth generation, and as 19th-century British philosopher and economist John Stuart Mill once, said, "Landlords grow rich in their sleep." Landlords don't ...

I’m looking for help interpreting a life estate clause in a 2019 deed. It says: “Reserving to Louise a life estate in the above-said premises during the remainder of her lifetime and to receive her ...