All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Pioneer
Posts: 2
Registered: ‎04-16-2018

Returned Rent non-taxable?

I purchased a house that I am currently renting to my parents. They use the house and I use the acreage that came with it.  I am charging them about $1000 below fair market value. I rented to them for 275 days in 2017. The total rental income is $2800 for 2017. How should I list this on my tax return?