For rental income, it asks me to put in Annual Income Rents...What exactly am I to put in there? the full annual amount of rent collected or just the income extra after mortgage payment is taken off?
021208
1 Best answer
TaxHelp5
New Member
Oct 29, 2019 7:51:53 PM
You will enter the gross amount of rent collected for the year (before any expenses).
You claim your expenses/deductions from this amount separately.
2 Replies
melissadione
New Member
Oct 29, 2019 7:51:52 PM
where is this section
TaxHelp5
New Member
Oct 29, 2019 7:51:53 PM
You will enter the gross amount of rent collected for the year (before any expenses).
You claim your expenses/deductions from this amount separately.