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V
vsholtzlander
February 3, 2022
Question

My son is living in my rental and pays no fees. Do I still need to file a Schedule E if I receive no income for it?

  • February 3, 2022
  • 1 reply
  • 0 views
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1 reply

M
MinhT1
February 3, 2022

If you do not charge rent, then you do not report any rental income and do not need to file a Schedule E. But you cannot deduct any rental expense.

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Hal_Al
Hal_Al
Employee
February 3, 2022

Your rental is "out of service". You now have a 2nd home. You can deduct mortgage interest  and real estate tax on on Schedule A (itemized deductions) subject to certain limitations which TurboTax will apply.

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