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March 31, 2020
Question

DO I HAVE TO TAKE THE STANDARD DEDUCTION IF I HAVE HAD A RENTAL PROPERTY BEFORE I GOT MARRIED. I'VE HAD THE RENTAL PROPERTY SINCCE FEBURARY AND MARRIED IN AUGUST.

  • March 31, 2020
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1 reply

DoninGA
Employee
March 31, 2020

The Standard Deduction is not dependent on whether or not you are entering rental income and expenses on Schedule E.

If your personal itemized deductions on Schedule A are greater than the Standard Deduction for your filing status then the Itemized Deductions will be used, if not then the Standard Deduction will be used.