Rental income from properties you own—whether a house, apartment, or commercial space—must be reported to the IRS. This category covers what counts as rental income, what expenses you can deduct, and how to report it on your tax return. Whether you rent out a single property or manage multiple units, you need to track income and expenses correctly to avoid mistakes during tax season.
The articles here answer practical questions: what rental income includes beyond monthly rent payments, which property expenses reduce your taxable income, how depreciation works, what records to keep, and which forms to file. You'll also find information about repairs versus improvements, handling security deposits, and reporting rental losses.