though the type of rental activity will alter which sections of the tax form that income is reported. IRS Publication 527 outlines how to account for propertydepreciation, what types of deductions can be made on rental income, as well as what to do if only part of a property is rented. ...
IRS Publication 538 explains some of the rules for accounting periods and standard accounting methods. It provides a basic overview and, in some cases, you may have to refer to other sources for a more in-depth explanation of the topic. The IRS also issues several other informative publication...