Tax Season is upon us

[Patrick Howe]

I currently live in and own a three unit building in Chicago. With the rental income I still pay a few hundred dollars a month toward the mortgage/taxes/insurance. Looking for advice when it comes to filing my taxes. Do I need to file the rent I receive each month as earned income? Trying to figure out if I need to report the rent I receive.

Looking for advice from any Owner/Occupied investor in similar situations.

I typically use Turbo Tax, but I am not opposed to using an accountant if anyone has recommendations.