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Sandyvee
New Member

line 4a on w4p

I am filing my w4p for the first time.  I receive rental income. Do I record the gross income recd for the year or the rental minus expenses reported on schedule e (the figure transferred to line 8 on my 1040)


If I report the gross rental received am I then being double taxed?

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1 Reply
Vanessa A
Expert Alumni

line 4a on w4p

You will enter the rental income minus expenses as that is the income that will be included in your taxable income.  If you expect to have more income in 2025, you can increase the amount to match what you expect to profit from your rental. 

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