This chapter discusses rental income and expenses. It covers the following topics.
- Rental income.
- Rental expenses.
- Personal use of dwelling unit (including vacation home).
- Depreciation.
- Limits on rental losses.
- How to report your rental income and expenses.
If you sell or otherwise dispose of your rental property, see Publication 544,
Sales and Other Dispositions of Assets.
If you have a loss from damage to, or theft of, rental property, see Publication 547,
Casualties, Disasters, and Thefts.
If you rent a condominium or a cooperative apartment, some special rules apply to you even though you receive the same tax treatment as other
owners of rental property. See Publication 527,
Residential Rental Property, for more information.
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