Question
Where to claim rental income from s-corp I own on 1040?
The s-corp my husband and I own pays us a small amount of rent for the part of the home it uses. We claim the rent expense on Line 11 of the 1120-S. This seems correct. However, I had a hard time finding a place to claim the rental income on our 1040. (I think I claimed it as "other income" but can't remember which line exactly.)
So I can do this right for 2025, where does the rental expense and rental income go on the 1120-S and 1040 respectively (or supplemental forms)? Thanks in advance.
