Rasmey Rentals » report http://www.ramsey-rentals.com Sat, 31 Jul 2010 16:21:45 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 How do you report a foreclosed rental property to the IRS? http://www.ramsey-rentals.com/how-do-you-report-a-foreclosed-rental-property-to-the-irs/ http://www.ramsey-rentals.com/how-do-you-report-a-foreclosed-rental-property-to-the-irs/#comments Thu, 04 Feb 2010 00:25:27 +0000 Admin http://www.ramsey-rentals.com/how-do-you-report-a-foreclosed-rental-property-to-the-irs/ I have a rental in 2006 and 2007 and reported it to IRS.
In 2008 the property was foreclosed. Therefore, no rentals to report in 2008. I need to have closure to this transaction and let the IRS know that this rental property no longer exixt. I would apreciate any help

]]> http://www.ramsey-rentals.com/how-do-you-report-a-foreclosed-rental-property-to-the-irs/feed/ 5 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/ 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/#comments Wed, 27 Jan 2010 12:54:42 +0000 Admin 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/ I purchased a home in 3/07 as my primary residence. I am young so I also have roommates living with me. How do I report this property and the rental income? Investment income? Rental property?

I just went through turbotax and I am pretty confused about this. Thanks for your help!

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