Updated over 7 years ago on . Most recent reply

Can I claim a rental on my taxes when renting to family?
I own a home that is rented out by my brother. I have never claimed the home on my taxes. I am attempting to get new loans and since this home is not showing income, it counts against me as a monthly note, thus limiting by purchasing power.
Can I claim this rental on my taxes, and if so, what is the best way to do so? Thanks!
Most Popular Reply

If your are charging rent, paying expenses, then it is a rental and goes on a schedule E. see a good CPA