Can you help clarify what each section requires in terms on dollar value.
Let's say I have hired a property management company to manage my condo.
They have given me a statement with all income and expenses for the entire year.
Gross: $10,000
Expense/Management: $3500
Net: $6500
What do I put in the three fields:
Gross rents for short-term rentals (line 8140):
Gross rents for all units (line 8141):
Other related income (line 8299):
kpersad91
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rlremesch
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katsamour
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kris210
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