turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to I claim rental income on a property I don't own?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

How to I claim rental income on a property I don't own?

The rental income is still taxable, however if you don't own the property then there would be no asset listed for depreciation on the rental.  

If you incurred some costs to earn the rental income, those costs could be considered ordinary and necessary business costs and may be deductible.

Your situation is highly unusual.  

I suggest perhaps you post another question with more detail.  Leave out names and locations and then we can give a more detailed answer.  


View solution in original post

2 Replies

How to I claim rental income on a property I don't own?

The rental income is still taxable, however if you don't own the property then there would be no asset listed for depreciation on the rental.  

If you incurred some costs to earn the rental income, those costs could be considered ordinary and necessary business costs and may be deductible.

Your situation is highly unusual.  

I suggest perhaps you post another question with more detail.  Leave out names and locations and then we can give a more detailed answer.  


NellieNet
New Member

How to I claim rental income on a property I don't own?

I am not the original poster but I have the same question. My husband has owned property in UK for the last year. We live separately and have done for several years. He lives abroad. He does not need the rent, which goes to my bank account as agreed with him.  I am intending to put in a tax return but am not sure about the legality of the situation. Should he put in a tax return for this income as he owns the property, or can I?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies