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dunique
New Member

What do I claim for Annual Income Rents?

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?

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Accepted Solutions
TaxHelp5
New Member

What do I claim for Annual Income Rents?

You will enter the gross amount of rent collected for the year (before any expenses).

You claim your expenses/deductions from this amount separately.

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2 Replies

What do I claim for Annual Income Rents?

where is this section
TaxHelp5
New Member

What do I claim for Annual Income Rents?

You will enter the gross amount of rent collected for the year (before any expenses).

You claim your expenses/deductions from this amount separately.