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Investors & landlords
this is what i don't understand, "if its primary function is not considered to be rental and it should not be reported on Schedule E (Form 1040). You are not required to report the rental income and rental expenses from this activity. " then i don't claim any income nor am i allowed any depreciation because its for personal use- not a rental property. but your saying its "not rented for profit" and i have to claim income even though its not a rental property?
‎June 5, 2019
3:19 PM