- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
March 25, 2024
10:14 AM