Is My Residential Rental Income Taxable and/or Are My Expenses Deductible?
Note: This application does not address the rental income and expense of timeshares.
Information You Will Need:
- Type of rental payment(s) received
- Type of rental expense(s) paid
- The number of days rented and the number of personal use days, if any
Estimated Completion Time: 15 minutes. However: 5 minutes of inactivity will end the interview and you will be forced to start over.
The following interview covers the same questions you would answer if you called our toll-free tax assistance telephone number or if you came into a Taxpayer Assistance Center.