Question
How would this be entered on a Schedule E for 2022 Winnie owns a single-family rental house. The property was rented for the entire year
How would this be entered on a Schedule E for 2022
Winnie owns a single-family rental house. The property was rented for the entire year at a rate of $600 per month. Winnie provides you with the following additional information for the rental for 2022.
Property taxes $1,770
Maintenance expenses 285
Insurance expense 1,200
Management fee 350
Depreciation (see Form 4562-provided)
The rental property is located at 35 Pleze-goa Way, Orono, Maine 04473. Winnie makes all decisions with respect to the property. (Use Schedule E for this income.) [Assume this property is strictly rental propertyWinnie has not lived in it at all under her ownership.]
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