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msbrar
New Member

Renting out rooms in primary residence - H1B visa

Hello,

 

I own a house and its primary residence and I have rented out 2 rooms to students for longer term. I am on H1B visa. Please advise how would i file the taxes for rental income and for deduction considering I am on work visa and cannot show active involvement like there is in Air Bnb etc. 

 

I am new to this and I understand that there is one particular schedule, one over the other ( Like Schedule C instead of A) to address this issue. Any advise is appreciated.

 

Thanks.

B.

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1 Reply
pk
Level 15
Level 15

Renting out rooms in primary residence - H1B visa

@msbrar , you report rental income on Schedule-E.  On expenses side of this Schedule you can include   (pro-rated)  items like  mortgage interest, utilities, depreciation, property taxes etc. etc.   Please see the following pub from the IRS:

2022 Publication 527 (irs.gov)

 

If you need more on this please  feel free to post more here or  PM with specific questions ( no PII though ).

 

pk

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