- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
For starters, those that have responded in this thread thus far are making assumptions. So their responses are not based on any facts, since no facts are as of yet, provided. Please explain how it is you are receiving rental income for property that you do not own. Perhaps you are a renter yourself, and you are just sub-letting one of the rooms in the house you are renting?
This matters because you can't depreciate property that you do not own, yet you still have to enter "something" into the assets/depreciation section. How you will deal with reporting this income depends on *your* specific and explicit situation. So please provide details and explain. That is the only way possible for you to be absolutely certain that the responses you get are "IN FACT" correct.