J.K. Lasser's Your Income Tax Professional Edition 2017

Chapter 9 Income From Real Estate Rentals and Royalties

1. 9.1 Reporting Rental Real Estate Income and Expenses
2. 9.2 Checklist of Rental Deductions
3. 9.3 Distinguishing Between a Repair and an Improvement
4. 9.4 Reporting Rents From a Multi-Unit Residence
5. 9.5 Depreciation on Converting a Home to Rental Property
6. 9.6 Renting a Residence to a Relative
7. 9.7 Personal Use and Rental of a Residence During the Year
8. 9.8 Counting Personal-Use Days and Rental Days for a Residence
9. 9.9 Allocating Expenses of a Residence to Rental Days
10. 9.10 IRS May Challenge Loss Claimed on Temporary Rental Before Sale
11. 9.11 Reporting Royalty Income
12. 9.12 Production Costs of Books and Creative Properties
13. 9.13 Deducting the Cost of Patents or Copyrights
14. 9.14 Intangible Drilling Costs
15. 9.15 Depletion Deduction
16. 9.16 Oil and Gas Percentage Depletion

Use Schedule E of Form 1040 to report real estate rental income and expenses. You must also fileForm 4562 with your 2016 return to claim depreciation deductions for buildings you placed in service during the year.

Use Schedule C instead of Schedule E if you provide substantial services for the convenience of the tenants, such as maid service. That is, Schedule C is used to report payments received for the use and occupancy of rooms or other areas in a hotel, motel, boarding house, apartment, tourist home, or trailer court where services are provided primarily for the occupant.

If you rent out an apartment or room in the same building in which you live, you report the rent ...