I have the housing allowance, but I also rent out rooms from my house. How should I file?
Vickey's reply
I am not sure. I believe you would just report your housing allowance on your Schedule SE and your rental income on your Schedule E.
However, I do not think you could claim any of the housing expenses you excluded with your housing allowance on your Schedule E or...
you could not exclude the housing expenses on your Schedule SE that you included as expenses on your Schedule E.
In your case, I believe it would be very beneficial to consult a tax professional.
Comments for Renting out personal dwelling property and housing allowance filing?
|
||
|
||