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Income Tax Question - Landlord Forum thread 326015

Income Tax Question by Damon on October 20, 2014 @19:40

                              
On the Form 1040 US Individual Tax Return , Schedule E, that says "Supplemental Income and Loss" at the top of the page :

Where it says "Fair Rental Days" Does that mean the number of days you owned the house, the number of days it was rented out only, or the number of days it was on the market (for rent) plus the number of days it was rented out?
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Re: Income Tax Question by Bill on October 20, 2014 @21:22 [ Reply ]
It would be best if you hired a CPA to prepare your taxes. A business person preparing his own taxes is one of the top ten things that triggers an audit.
Re: Income Tax Question by John Farmer (Florida) on October 21, 2014 @08:13 [ Reply ]
All tax forms come with instructions. Please don't waste money on a CPA or tax attorney.

And if you have any problems, go to an online law forum.

forum.freeadvice.com is a good one.
Re: Income Tax Question by anon on October 21, 2014 @17:31 [ Reply ]
It is 365 unless you are using the business rental as a personal residence or vacation home some of the time.

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