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Investors & landlords
Yes. As stated by Bsch4477, you must report the income as regular income. You will not have a Schedule E. Since you are considered not renting for profit, you must report this on Schedule 1 (Form 1040), Line 8j. Any deductions (real estate taxes, mortgage interest) are deducted on Schedule A.
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‎July 25, 2024
4:29 PM