Investors & landlords

TomD8,  thank you for your reply.

Follow up question: You say, "Your income is instead reported on Line 8 of Schedule 1 (Form 1040)."

I'm assuming you are referring to the money my tenants reimbursed me for the utilities?

Since the money I receive from my tenants is equal to the amount I paid for the utilities, I'm confused as to why I need to report this?

 

Thank you.