rupreght
New Member

I have rental income from subleasing property that I lease ( and therefore do not own). Do I claim this money in the Rental Income or Misc Income section?

I already began entering data in the Rental Income section, but a question about who owns the property (me, my husband or both me and my husband) threw me off. The property is owned by my father in law and we intend to buy the property from him at some point. We've been making improvements and rented out several rooms (hence the rental income). But can I say the property is owned by me since I am on the lease between me and my father in law and also between me and the subleasing tenants? Or is this question of ownership really only relate to who is on the title of the property? Thank you in advance for any help!