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Is My Residential Rental Income Taxable and/or Are My Expenses Deductible?

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This interview will help you determine if your residential rental income is taxable and/or if your basic expenses associated with the rental property are deductible.

To determine whether you're subject to passive activity loss limitations or whether depreciation of property is applicable in your situation, please refer to Publication 527, Residential Rental Property (Including Rental of Vacation Homes), and the Instructions for Schedule E (Form 1040), Supplemental Income and Loss, for additional information.

Information You'll 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

The tool is designed for use by taxpayers that were U.S. citizens or resident aliens for the entire tax year for which they're inquiring about. If married, the spouse must also have been a U.S. citizen or resident alien for the entire tax year. For information regarding nonresidents or dual-status aliens, please see Publication 519, U.S. Tax Guide for Aliens.


Conclusions are based on information provided by you in response to the questions you answered. Answers do not constitute written advice in response to a specific written request of the taxpayer within the meaning of section 6404(f) of the Internal Revenue Code.

Estimated Completion Time: 15 minutes; however, after 15 minutes of inactivity, you'll be forced to start over.

Please Note: Using the "Back" button within the ITA tool could cause an application error.


Page Last Reviewed or Updated: 24-Feb-2017