IRS Publication 527: Residential Rental Property
Publication 527 covers federal reporting concepts for residential rentals, including rental income, common expenses, personal use, depreciation, basis, and the forms owners may need.
Why it is useful: It is a central primary source for checking tax claims about rental-property income and deductions and for identifying records an owner should discuss with a qualified tax professional.
Keep in mind: The publication does not teach property selection, financing, local landlord law, or guaranteed tax outcomes. Annual editions and current instructions should be checked.
Why it is useful
It is a central primary source for checking tax claims about rental-property income and deductions and for identifying records an owner should discuss with a qualified tax professional. It also gives readers a named government, regulator, or institutional source to compare with promotional claims before making a financial, tax, borrowing, or property decision.
Limitations
The publication does not teach property selection, financing, local landlord law, or guaranteed tax outcomes. Annual editions and current instructions should be checked.