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Index of Publication 527 - Residential Rental Property (Including Rental of Vacation Homes)
A B C D E F G H I L M N O P Q R S T U V
A
Accelerated Cost Recovery System (ACRS), MACRS
Effective date, Useful lives and either straight line or...
See also: Modified Accelerated Cost Recovery System (MACRS)
ACRS (Accelerated Cost Recovery System):
Effective date, Useful lives and either straight line or...
Active participation, Active participation.
Activities not for profit, Not Rented for Profit
Adjusted basis:
MACRS depreciation, Adjusted Basis
Adjusted gross income (AGI):
Modified, See: Modified adjusted gross income (MAGI)
Advance rent:
Security deposits, If an amount called a security deposit is...
Allocation of expenses:
Change of property to rental use, Property Changedto Rental Use
How to divide expenses, How To Divide Expenses
Part of property rented, If you rent part of your property, you must..., How to divide expenses.
Personal use of rental property, If you have any personal use of a dwelling..., Personal use of rental property.
Alternative Depreciation System (ADS):
Election of, Election.
MACRS, MACRS, Use this table for residential rental property....
Alternative minimum tax (AMT):
Accelerated depreciation methods, Alternative minimum tax.
Amended returns, Filing an amended return.
Apartments:
Basement apartments, Example 1., Your basement apartment was used as a home...
Dwelling units, Dwelling unit.
Assessments for maintenance, Assessments for maintenance or repair or...
Assessments, local, See: Local assessments
Assistance, See: Tax help
Assumption of mortgage, Assumption of a mortgage.
Automobiles:
MACRS recovery periods, 7-year property. This class includes office...
B
Basis:
Adjusted basis, Adjusted Basis
Assessments for local improvements, Assessments for local improvements.
Basis other than cost, Basis Other Than Cost
Cost basis, Cost Basis
Decreases to, Decreases to basis.
Deductions:
Capitalization of costs vs., Deducting vs. capitalizing costs.
Not greater than basis, No deduction greater than basis.
Fair market value, Fair market value.
Increases to, Increases to basis.
MACRS depreciable basis, Depreciable Basis
Property changed to rental use, Basis of PropertyChanged to Rental Use
C
Capital expenditures:
Deductions vs. effect on basis, Deducting vs. capitalizing costs.
Improvements, If you make an improvement to property, the...
Local benefit taxes, Local benefit taxes.
Mortgages, payments to obtain, Expenses paid to obtain a mortgage.
Cars:
MACRS recovery periods, 7-year property. This class includes office...
Casualty losses, Casualties and Thefts
Change of accounting method, Changing your accounting method.
Charitable contributions:
Use of property, Donation of use of property.
Cleaning and maintenance, Utilities.
Comments on publication, Comments and suggestions.
Cost basis, Cost Basis
Credits:
Residential energy credit before 1986, The amount of depreciation you could have...
D
Days used for repairs and maintenance, Days Used forRepairs and Maintenance
Deductions:
Depreciation, See: Depreciation
Passive activity losses, See: Passive activity
Discount, bonds and notes issued at, See: Original issue discount (OID)
Dividing of expenses, See: Allocation of expenses
E
Equipment rental expense, Rental of equipment.
Expenses, See: Rental expenses
F
Fair market value (FMV), Fair market value.
Fees:
Points, See: Points
First-year expensing, Section 179 deduction.
Form 1040:
Not rented for profit income, Where to report.
Part of property rented, Renting Part of Property
Rental income and expenses, How To ReportRental Incomeand Expenses
Schedule E, Schedule E (Form 1040)
Form 1098:
Mortgage interest, Form 1098.
Form 4684:
Casualties and thefts, If you had a casualty or theft that involved...
Form 4797:
Sales of business property, If you had a casualty or theft that involved...
Free tax services, How To Get Tax Help
G
Gains and losses:
At-risk rules, At-Risk Rules
Casualty and theft losses, Casualties and Thefts
Limits on rental losses, Limits onRental Losses
Passive activity losses, Passive Activity Limits
Rental real estate activities, Losses From RentalReal Estate Activities
Sale of rental property, If you had a casualty or theft that involved..., Sale of rental property.
General depreciation system (GDS), See: Modified Accelerated Cost Recovery System (MACRS)
H
Help, See: Tax help
Home:
Use as rental property, See: Use of home
I
Indian reservation property, Qualified Indian reservation property.
Insurance, Taxes.
Interest payments, Interest expense.
Loan origination fees, The term points is often used to describe...
Rental expenses, Points.
See also: Mortgages
L
Land:
Cost basis, Land and buildings.
Depreciation, Land.
Leases:
Cancellation payments, Payment for canceling a lease.
Equipment leasing, Rental of equipment.
Limits:
Passive activity losses and credits, Exception., Passive Activity Limits
Rental expense deductions, Limit on deductions.
Rental losses, Limits onRental Losses
Loans:
Assumption fees, Cost of a credit report, and
Charges connected with getting or refinancing, cost basis, Charges connected with getting or refinancing...
Low or no interest, Loans with low or no interest.
Origination fees, The term points is often used to describe...
Losses, See: Gains and losses
M
Minimal rental use exception, Exception for minimal rental use.
Missing children, photographs of, Photographs of missing children.
Modified Accelerated Cost Recovery System (MACRS):
Additions or improvements to property, Additions or improvements to property.
Adjusted basis, Adjusted Basis
Alternative Depreciation System (ADS), MACRS, MACRS DepreciationUnder ADS
Basis other than cost, Basis Other Than Cost
Conventions, Conventions
Cost basis, Cost Basis
Declining balance method, Declining Balance Method
Depreciable basis, Depreciable Basis
Determination of deduction, To figure your MACRS deduction, you need...
Effective date, ACRS (Accelerated Cost Recovery System) for...
Excluded property, Excluded property.
General Depreciation System (GDS), MACRS, Recovery Periods Under GDS, MACRS DepreciationUnder GDS
Nonresidential rental property, Residential rental property.
Personal home changed to rental use, Personal home changed to rental use.
Property used in rental activities (Table 2), Table 2. MACRS Recovery Periods for Property Used in Rental Activities
Recovery periods, Table 2. MACRS Recovery Periods for Property Used in Rental Activities, 5-, 7-, or 15-year property.
Residential rental property, Residential rental property., Residential rental property. This class includes..., Residential rental property.
Special depreciation allowances, Special Depreciation Allowance
Straight line method, Straight Line Method
Modified adjusted gross income (MAGI), Modified adjusted gross income.
More information, See: Tax help
N
Nonresidential real property, Residential rental property.
Not-for-profit activities, Not Rented for Profit
O
P
Part interest:
Expenses, Part interest.
Income, Part interest.
Personal property:
Rental income from, Property or services.
Placed-in-service date, Placed-in-Service Date
Pre-rental expenses, Pre-rental expenses.
Principal residence, See: Home
Profit, property not rented for, Not Rented for Profit
Property changed to rental use, Property Changedto Rental Use
Property not used as home:
Rental income and deductions, Property Not Used as a Home
Property used as home, See: Use of home
Publications, See: Tax help
Q
Qualified Gulf Opportunity Zone property:
Acquisition date test, Acquisition date test.
Excepted property, Excepted property.
Original use test, Original use test.
Placed in service date test, Placed-in-service date test.
Substantial use test, Substantial use test.
Qualified Gulf Opportunity Zone property, requirements for the special allowance, Qualified Gulf Opportunity Zone Property
R
Real estate professionals, Real estate professional.
Real estate taxes, Real estate taxes.
Real property trades or businesses, Real property trades or businesses.
Recordkeeping requirements:
Travel and transportation expenses, To deduct travel expenses, you must keep..., To deduct car expenses under either method,...
Rental expenses:
Advertising, Cleaning and maintenance.
Allocation between rental and personal uses, How To Divide Expenses
Change of property to rental use, You can deduct as rental expenses only the...
Cleaning and maintenance, Utilities.
Commissions, Tax return preparation fees.
Deductions, how to figure, How To Figure RentalIncome and Deductions
Depreciation, Depreciation.
Dwelling unit used as home, Dwelling Unit Used as Home
Equipment rental, Rental of equipment.
Home, property also used as, Property Used as a Home, Rental of property also used as a home.
Improvements, (Figure), If you make an improvement to property, the...
Insurance, Taxes., Insurance premiums paid in advance.
Interest payments, Points., Interest expense.
Local transportation expenses, Local transportation expenses., Local transportation expenses.
Not used as home, Property Not Used as a Home
Part of property rented, Renting Part of Property
Points, Commissions., Points.
Pre-rental expenses, Pre-rental expenses.
Rental payments, Local transportation expenses.
Repairs, Repairs and Improvements, If you make repairs as part of an extensive...
Sale of property, Expenses for rental property sold.
Tax return preparation fees, Travel expenses., Tax return preparation.
Taxes, Interest.
Tenant, paid by, Expenses paid by tenant.
Travel expenses, Rental payments.
Utilities, Insurance.
Vacant rental property, Vacant rental property.
Rental income:
Advance rent, Advance rent.
Cancellation of lease payments, Payment for canceling a lease.
Dwelling unit used as home, Dwelling Unit Used as Home
Figuring, How To Figure RentalIncome and Deductions
Lease with option to buy, Lease with option to buy.
Minimal rental use exception, Exception for minimal rental use.
Not rented for profit, Not Rented for Profit
Not used as home, Property Not Used as a Home
Part interest, Part interest.
Property received from tenant, Property or services.
Reporting, When to report., How To ReportRental Incomeand Expenses
Security deposit, Security deposits.
Services received from tenant, Property or services.
Used as home, Property Used as a Home, Rental of property also used as a home.
S
Section 179 deductions, Section 179 deduction.
Security deposits, Security deposits.
Shared equity financing agreements, Shared equity financing agreement.
Special depreciation allowance:
Qualified Gulf Opportunity Zone property, Qualified Gulf Opportunity Zone Property
Special depreciation allowances, Special Depreciation Allowance
Spouse:
Material participation, Participating spouse.
Suggestions for publication, Comments and suggestions.
T
Tables and figures:
Declining balance depreciation rates, The following table shows the declining balance...
Improvements, examples of (Table 1), (Figure)
MACRS optional tables (Table 3–D), Table 3-D.
MACRS optional tables (Tables 3–A, 3–B, and 3–C), Tables 3-A, 3-B, and 3-C.
MACRS recovery periods for rental activity property (Table 2), Table 2. MACRS Recovery Periods for Property Used in Rental Activities
Tax credits:
Residential energy credit allowed before 1986, effect on basis, The amount of depreciation you could have...
Tax return preparation fees, Travel expenses., Tax return preparation.
Taxes:
Deduction of, Interest.
Local benefit taxes, Local benefit taxes.
Real estate taxes, Real estate taxes.
Transfer taxes, Title insurance, and
Theft losses, Theft.
Transfer taxes, Title insurance, and
Travel and transportation expenses:
Local transportation expenses, Local transportation expenses., Local transportation expenses.
Recordkeeping, To deduct travel expenses, you must keep...
Rental expenses, Rental payments.
Standard mileage rate, Generally, if you use your personal car,...
TTY/TDD information, How To Get Tax Help
U
Uncollected rent:
Income, Uncollected rent.
Use of home:
Before or after renting, Use as Main HomeBefore or After Renting
Change to rental use, Personal home changed to rental use., Property Changedto Rental Use
Days of personal use, If a dwelling unit is used for personal purposes..., Figuring Daysof Personal Use
Fair rental price, Fair rental price.
Minimal rental use exception, Exception for minimal rental use.
Passive activity rules exception, Property used as a home.
Personal use as dwelling unit, Personal Use of Dwelling Unit (Including Vacation Home)
Rental income and deductions, Property Used as a Home
V
Vacant rental property, Vacant rental property.
Vacation homes:
Dividing of expenses, Your beach cottage was available for rent...
Dwelling unit, Dwelling unit.
Fair rental price, Fair rental price.
Minimal rental use exception, Exception for minimal rental use.
Personal use of, Personal Use of Dwelling Unit (Including Vacation Home)
Valuation:
Fair market value, Fair market value.