On Mar 13, 3:12*pm, mi...[at]davismi.com wrote:
- quote -

Michael: I don't know how you should treat it, but your son should
treat it just like any other rentals: rental incomes, expenses,
depreciations, that kind of stuff.

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<mike1[at]davismi.com> wrote:

- quote -

It's a rental property which he reports on Schedule E of the 1040. See IRS
Publication 527.

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Phil Marti
Clarksburg, MD

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >

My son is in China on a teaching assignment since Aug 2007. He is
renting his hous eto a friend. How should I treat it for tax
purposes.

Michael

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >