Like with almost any dollar you earn in the United States, if you earn rental income, you must report this on your taxes.

As a landlord, understanding the tax documents you need is crucial for compliance and  maximizing your deductions. From IRS ...

Final year depreciation: $591 × 9.5 = $5,614.50 Depreciation must be reported on IRS Schedule E and filed with your tax return. This form details rental income and expenses, including ...

On the federal level, rental income is typically reported on Schedule E of the IRS Form 1040. After accounting for allowable deductions, such as mortgage interest, property taxes, insurance and ...