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Updated almost 11 years ago on . Most recent reply presented by

Tiffany Smith's profile image
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Tiffany Smith
  • from Washington, DC
  • Member since Jul 2, 2014
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Tiffany Smith's profile image
Tiffany Smith's profile image
Tiffany Smith
  • from Washington, DC
  • Member since Jul 2, 2014
Connect
Tiffany Smith
  • Washington, DC
3
Votes |
5
Posts
Tax, SDIRAs & Cost Segregation

How to Report Rental Income with Owner Occupied Property

Tiffany Smith
  • Washington, DC
Posted

Greetings BP Forum Members,

I am currently occupying my recently purchased first property. I have secured one tenant for renting out 1 of 3 available rooms and plan to rent out all remaining.

I have a very generic question regarding reporting the rental income. Does it classify as rental income or can it be disclosed as something else? I am completely unfamiliar with tax code and will be reporting the income for half of 2014 next year.

Any help is appreciated.

Tiffany

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