Proper way to capture house hack income
So I have a SFH that is managed and thus I get a 1099 at the end of the year to use during taxes. I just bought and moved in to my new place that had an attached mother in law suite that I have closed off. I was able to rent it out and have just been depositing the money into a seperate account I have. Is there anything I need to do diffently or a better way for me to move forward. Suite is bringing in 1/3 of total expenses. Any other suggestions would also be appreciated.