IRS Publication 527, Residential Rental Property, is a document published by the Internal Revenue Service (IRS) that provides tax information for individuals who own residential properties that arerented out for income. Typically, all income earned from rental properties is reported to the IRS, thoug...
TheIRS Publication 525clearly lists all taxable and non-taxable income. It is important to know what income is not taxable when filing your return. Here are a few sources that will not add to your taxable income but may have to be reported on your return just so the IRS knows they were ...