rentals and royalties
I have a timeshare with gross rental income of $843.44 on 1099 misc for 4 nights. My fees for 1week annual is $938. The fees for the rent time was $470.03. I netted $423.41 for the rental.
Report $843.44 as gross rental on Schedule E
How much for my expenses-Annual fee + rental expense? Show loss?
Total income for year is less than $125,000, married filing jointly.