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Updated over 7 years ago, 04/10/2017
how to get rental income included when getting a mortgage
I have had a rental for two years about to file for the third year in taxes, but before I do that I wanted to ask how I should file.
I have a lot of conflicting information in this regard and was hoping some one could clear it up so I can rest assured and get mortgage in the next few months.
So basically I have two rentals. One is a single family home that has had the same tenant for over 2 years and always paid on time, but when we filed our taxes we had deprecation. We were thinking of not using it when filing this tax year, but we are not sure if that is required because really we just want the income included so we can get another mortgage. The second house is the house I am moving out of and about to rent and will of course be a new rental with a lease.
So is it possible to file my taxes with deprecation and still have it included with a mortgage broker, or do I need to just file without it?
Thanks