topic We bought a house but included a lease back to the seller. Do I need to report the 45 days that they leased the house as rental income? in Investors & landlords

We bought a house but included a lease back to the seller. Do I need to report the 45 days that they leased the house as rental income?

armydub — Sat, 01 Jun 2019 06:53:11 GMT

The leaseback continued into 2017, but we have since moved into the home at the end of Jan 2017.

view2 — Sat, 01 Jun 2019 06:53:13 GMT

All income is reported., No intention to have a permanent residential rental property. [report in year recieved]

Not Rented for Profit

Where to report. Report your not-for-profit rental income on Form 1040 , line 21.

IN Turbotax :On the screen "Your Income Summary," scroll all the way down to the last section, "Less Common Income." Click the Start or Update button

follow prompt.

zhongjp058 — Sat, 01 Jun 2019 06:53:15 GMT