We currently rent our rental property to a non profit organization. Is this rental income non taxable or deductible? How would this documented in Turbo Tax?

reese_galaxy — Sat, 01 Jun 2019 14:37:12 GMT

Are they paying you?

ee-ea — Sat, 01 Jun 2019 14:37:14 GMT

Are they paying you?

If you are receiving income from renting a property that...

AnnetteB — Sat, 01 Jun 2019 14:37:16 GMT

If you are receiving income from renting a property that you own, then your income is reportable and may be taxable. The fact that you are getting the income from a non-profit organization does not affect your return.

You will report your rental income and expenses on Schedule E. There is no special documentation required to show you are renting to a non-profit organization. Be aware that if you are not charging a fair rental value for the property, you may be limited in the expenses that you can deduct.

topic We currently rent our rental property to a non profit organization. Is this rental income non taxable or deductible? How would this documented in Turbo Tax? in Investors & landlords

We currently rent our rental property to a non profit organization. Is this rental income non taxable or deductible? How would this documented in Turbo Tax?

Are they paying you?

If you are receiving income from renting a property that...