If you own rental property, your accountant may have advised you to consolidate all of your rental income on your Schedule E. The problem with that method is that some home loan programs require each property to be separate on the Schedule E.  If you are not sure how this affects you, let’s chat!

Related Article Title: Determining Rental Income on a Consolidated Schedule E Question: Our client’s rental income was reported as separate properties on their 2018 return.  However, on their 2019 the rental income was consolidated.  The IRS regulation 1.469-4(c) allows this, but we are struggling with documenting the rental income.  What are FHA guidelines for this […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top