- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
If you rent out part of your home, it's still considered to be a rental activity, and the income and expenses are reported as Rental property.It's not a self-employed business, it's rental real estate for a part of your home.
You need to divide up your expenses between the personal part that you live in and the rental portion.You can deduct the expenses related to the part of the property used for rental purposes, such as home mortgage interest,real estate taxes, and utilities as rental expenses on Schedule E
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 4, 2019
1:23 PM
1,360 Views