grandmabee Posted January 31, 2008 Report Share Posted January 31, 2008 listed on wrong form first. (e-file) Taxpayer rents rental to kids but not a fmv for rents. If I check yes to box 2 on Sch e it takes only the deprec and balance of rent goes to 1040. but in reading it says put rent on line 21 and take int and taxes on A and balance of expense on misc A subject to 2%. I'm not sure if it goes Rental not for profit or E with personal use. Any help? Quote Link to comment Share on other sites More sharing options...
RoyDaleOne Posted January 31, 2008 Report Share Posted January 31, 2008 The IRS has a worksheet for this. Pub 17. If not for profit you know the rules as outlined. Quote Link to comment Share on other sites More sharing options...
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