Preparation For Tax Time
I would like to know what type of statement(s) that I need to prepare on my rental property to show the relative gains/losses for tax time. If you have an example of these statements that would be great to see also and an explanation of the different types of deductions and what is allowed. Thanks in advance!!
You might look at IRS pub 527 and also Form 1040 Sch E at www.irs.gov