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posted Mar 31, 2020 6:36:25 AM

DO I HAVE TO TAKE THE STANDARD DEDUCTION IF I HAVE HAD A RENTAL PROPERTY BEFORE I GOT MARRIED. I'VE HAD THE RENTAL PROPERTY SINCCE FEBURARY AND MARRIED IN AUGUST.

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Level 15
Mar 31, 2020 6:38:50 AM

The Standard Deduction is not dependent on whether or not you are entering rental income and expenses on Schedule E.

If your personal itemized deductions on Schedule A are greater than the Standard Deduction for your filing status then the Itemized Deductions will be used, if not then the Standard Deduction will be used.