Table of Contents

• Publication 527 - Introductory Material
  • What's New
  • Reminders
  • Introduction
    • Sale of main home used as rental property.
    • Ordering forms and publications.
    • Tax questions.
  • Useful Items - You may want to see:
• 1.   Rental Income and Expenses (If No Personal Use of Dwelling)
  • Rental Income
    • When To Report
    • Types of Income
  • Rental Expenses
    • When To Deduct
    • Types of Expenses
• 2.   Depreciation of Rental Property
  • The Basics
    • What Rental Property Can Be Depreciated?
    • When Does Depreciation Begin and End?
    • Depreciation Methods
    • Basis of Depreciable Property
  • Claiming the Special Depreciation Allowance
  • MACRS Depreciation
    • Depreciation Systems
    • Property Classes Under GDS
    • Recovery Periods Under GDS
    • Conventions
    • Figuring Your Depreciation Deduction
    • Figuring MACRS Depreciation Under ADS
  • Claiming the Correct Amount of Depreciation
• 3.   Reporting Rental Income, Expenses, and Losses
  • Which Forms To Use
    • Schedule E (Form 1040)
    • Schedule C (Form 1040), Profit or Loss From Business
  • Limits on Rental Losses
    • At-Risk Rules
    • Passive Activity Limits
  • Casualties and Thefts
  • Illustrated Example
• 4.   Special Situations
  • Condominiums
  • Cooperatives
    • Depreciation
  • Property Changed to Rental Use
    • Basis of Property Changed to Rental Use
    • Figuring the Depreciation Deduction
  • Renting Part of Property
  • Not Rented for Profit
    • Postponing decision.
  • Illustrated Example— Property Changed to Rental Use
• 5.   Personal Use of Dwelling Unit (Including Vacation Home)
  • What Is a Day of Personal Use?
    • Days Used for Repairs and Maintenance
  • Dwelling Unit Used as a Home
    • Exceptions to Use as a Home
  • Figuring Rental Income and Deductions
    • Dividing Expenses
    • Limit on Deductions
  • Reporting Income and Deductions
  • Illustrated Example
    • Completing Worksheet 5-1
    • Schedule E (Form 1040)
• 6.   How To Get Tax Help
  • Low Income Taxpayer Clinics (LITCs).
• Publication 527 - Additional Material
• Index