Realstate
Returning Member

Investors & landlords

Thank you for your reply. I was just going through some old emails between me and the lender where I clearly let them know the monthly mortgage payment is coming directly from my brother's bank account. They even asked for his bank statement as proof. I am not sure what it means given the rental agreement I had to sign. 

 

In addition, my brother has a day care in the house and he just confirmed that he claimed part of the mortgage payment as a deductible for using a portion of the house as his day care.

 

Should I still not worry about schedule E? 

 

Thank you