I receive disability income and I also have rental income. Do I need to file a Sch E to report my rental income? Do I file my 1098 on the Sch E or on my itemized ded?

[CathiM]

Yes, you will need to file a Schedule E to report rental income.  You include the 1098 for the rental property on the Schedule E if the rental property is a house. If you are renting out a portion of your personal residence, you will need to split the 1098.

Listed below are the most common rental expenses.

Advertising. Auto and travel expenses. Cleaning and maintenance. Commissions. Depreciation. Insurance. Interest (other). Legal and other professional fees. Local transportation expenses. Management fees. Mortgage interest paid to banks, etc. Points. Rental payments. Repairs. Taxes. Utilities.

Click here on this helpful link: Real Estate Rentals.