We currently rent our rental property to a non profit organization. Is this rental income non taxable or deductible? How would this documented in Turbo Tax?

[ee-ea]

Are they paying you?

[AnnetteB · Accepted solution]

If you are receiving income from renting a property that you own, then your income is reportable and may be taxable.  The fact that you are getting the income from a non-profit organization does not affect your return. 

You will report your rental income and expenses on Schedule E.  There is no special documentation required to show you are renting to a non-profit organization.  Be aware that if you are not charging a fair rental value for the property, you may be limited in the expenses that you can deduct.