@Carl Hi Carl, you are very knowledge on this topic of rentals. I have a question that I can't seem to find the answer.
I want to buy rental property in my name and report the income/loss on schedule E exactly as you recommend on multiple posts. However, I would like to use a business name (DBA) to collect rent. I don't need a separate EIN for the DBA and I can keep using my SSN. The DBA is just to open a business checking account and keep finance of the rental property separate from the personal one. So my tenant pays the rent to "ABC business" and I pay the mortgage from the "ABC business" checking account to the property in my name.
My question is, are there any tricks or gotchas in reporting all the expenses from the DBA business on the schedule E?
