Form 1098: Each year, you’ll receive a Form 1098 showing how much mortgage interest you paid on the property. If you don’t report this interest on your tax return, it could raise a red flag and ...

You don't have to pay taxes on all types of debt settlement Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and three ...

3. Fill Out Form 4562 When you claim the depreciation deduction on a rental property, you must also fill out Form 4562, which will let you deduct a portion of the property’s cost over a 27.5-year ...

If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...

What are the IRS reporting requirements for rental income? If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS ...