Comments on: How do I report my property if I own the house and receive rental income from tenants living WITH me? http://www.ramsey-rentals.com/how-do-i-report-my-property-if-i-own-the-house-and-receive-rental-income-from-tenants-living-with-me/ Mon, 03 May 2010 08:40:34 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: v b http://www.ramsey-rentals.com/how-do-i-report-my-property-if-i-own-the-house-and-receive-rental-income-from-tenants-living-with-me/comment-page-1/#comment-153 v b Wed, 27 Jan 2010 08:04:21 +0000 http://www.ramsey-rentals.com/how-do-i-report-my-property-if-i-own-the-house-and-receive-rental-income-from-tenants-living-with-me/#comment-153 Read publication 527. Are you renting at full market value or not? If not, you put the rent on line 21 as rental income and the prorated expenses (up to the amount of rent) on schedule A. Read periodical 527.
Are you renting at full market value or not?

If not, you place the rent on line 21 as leasing income and the prorated expenses (up to the amount of rent) on schedule A.

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