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posted Jun 5, 2019 10:49:32 PM

I Rent my house $1200 but my tent he only pay me $1000 because he doesn't work to many hours. I'm losing $200 each month. How put the losing in my income tax

Is my rental property

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1 Best answer
Level 15
Jun 5, 2019 10:49:34 PM

Loss of rent is not reported or entered as an expense on a rental property.  You only enter the total rents received as income.

1 Replies
Level 15
Jun 5, 2019 10:49:34 PM

Loss of rent is not reported or entered as an expense on a rental property.  You only enter the total rents received as income.