Form 4797 – Reporting the Sale of Rental Real Estate Property
Form 4797 is filed to report the sale of assets used in a trade or business. This sample video tutorial covers how to prepare Form 4797 for the sale of a rental property.
IRS Form 4797 – Ordinary Losses on Short Term Property Sales
The IRS Form 4797 is filed to report the sale or disposition of property used in a trade or business. This tutorial covers a sample Form 4797 for the sale of property held less than 1 year.
Top 7 Tax Deductions for Rental Real Estate Properties
Many individuals and companies invest in rental real estate property. Here are the top 7 most common tax deductions that rental property owners need to make sure they claim on their tax returns.
Is Rental Income Taxable?
Many businesses and individuals invest in real property assets that are rented to tenants. The rental income is generally subject to federal and state income taxes. This article discusses the federal tax rules for rental income.