My son is in China on a teaching assignment since Aug 2007. He is renting his hous eto a friend. How should I treat it for tax purposes.
Michael
Home rental while working abroad
Mar 13, 2008
2 Replies
It's a rental property which he reports on Schedule E of the 1040. See IRS Publication 527.
Michael: I don't know how you should treat it, but your son should treat it just like any other rentals: rental incomes, expenses, depreciations, that kind of stuff.
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