I own one house which i rent below market value. Do I enter the taxes, interest and PMI deductions under Property or Rental Income?

dla · ‎June 4, 2019

PatriciaV · ‎June 4, 2019

Unfortunately, when you rent below fair market price, the property is considered a "second home". In this case, you would not report any activity under Rental Properties for Schedule E.

See instructions on how to report income and expenses below:

https://ttlc.intuit.com/replies/5898460

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View solution in original post

PatriciaV · ‎June 4, 2019

Unfortunately, when you rent below fair market price, the property is considered a "second home". In this case, you would not report any activity under Rental Properties for Schedule E.

See instructions on how to report income and expenses below:

https://ttlc.intuit.com/replies/5898460

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I own one house which i rent below market value. Do I enter the taxes, interest and PMI deductions under Property or Rental Income?