As tax season approaches, you might be asking yourself, “Is rental income taxable?” Or, “Do you pay tax when you sell a rental property?” The short answer is that it depends. Rental income is often ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on reporting income and loss from residential rental property.

If you own rental property, you’ll need to file a Schedule E tax form with the IRS to report rental income income or losses. Schedule E is filed along with your Form 1040 individual income tax return.

Like with almost any dollar you earn in the United States, if you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business with apartment ...

If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...

The IRS (Internal Revenue Service) has multiple ways to identify whether you’re earning rental income, even if you don’t report it yourself. From tax documents and property records to online rental ...