In the Schedule E Property Profile section, answer "Yes" to the Property Ownership question, even though you rented the property. This allows you to report all rental income and claim all rental expenses for your rental property.
However, under Assets/Depreciation, you may report only Improvements or other depreciable assets (like appliances). Do not enter the residence itself for depreciation because you did not own the property.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
