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how will i report this on the tax return? 3. The Matthews purchased a rent house on January 2 of the current year for $200,000

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how will i report this on the tax return?
3. The Matthews purchased a rent house on January 2 of the current year for $200,000 ($140,000 allocated to the structure and $60,000 allocated to the land). The address is 100 Drew Street, Houston, TX 77006. They immediately rented it and have the following income and expenses for the current year: Rental income received ($700 x 12) $8,400 Mortgage interest 7,900 Real estate taxes 3,120 2 Maintenance expense 980 Homeowner's insurance 2,190 Repair expense 1,450 The Matthews actively participated in the management of the rent house but they do not qualify as real estate professionals. The rental activity is not a qualified trade/business

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