How to File taxes on rental property income

[Tito Taiwo]

Hi! I would like some help. Last year was my mums first year being a Landlord. Now we are both trying to figure out how she properly files taxes on her rental income.

Initially I was telling her to treat it as a capital gains tax; For example she's renting her home for $2000 a month and her mortgage is $1350. She gains $650 a month based on the difference between her mortgage and the price she is collecting for rent. Therefore, for the year she would get taxed on her $7,800 gains. That was my assumptions. After being on google for a few hours It seems that rental income is taxed like regular income earned at a job and NOT as capital gains lol. 

If my mom collected $24,000 last year from rental income, she will just add that on top of her salary, and continue to file her taxes the same way? How do you file taxes from income on a rental property....Thankyou.