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Business & farm
Why would the rental be not for profit.
when my mom was alive she received social security plus the rent and that is what was used to pay for the home expenses ( property taxes utilities etc)
when she died we only had the rent which often wasn’t enough and I would have to use personal money to pay. A lot of her utilities were directly debited so I would just make sure my account had the money so when they were paid the payments went thru. All accounts were jointed except for one which has less than $800 and was disbursed to me the executor and deposited into my account and was used to pay towards expenses (not any one specific expense)
since I used personal money to pay for everything would I then not need to report any of those expenses and rental income on the 1041? If yes then what else would I report. I feel those are the only things I have to report. 😆