You get to calculate the taxable income in the same way as a Schedule E filer, then apply the UDFI Tax computation to that.

I am trying to remain as professional as I can be just didn't know how to react or what to say when I got their e-mail.My husband thinks it's their way of trying to get out of the lease, but they didn't not mention anything about wanting to move in the conversation I had with them.I guess we will cross that bridge if moving out is brought up.

@Doug Pretorius I've heard a few investors take the same stance on DNC list as you stated which makes perfect sense, but I always feel conflicted when I hear of those warning everyone to not call these numbers because of potential fines.

There will never be a "perfect time"- you are so much better off getting some schedule E on your returns and landlord experience than saving a little more every month (500 bucks?)

I have a flip listed on E Kentucky, five more coming, and one flip worthy flip coming up on E Kentucky as well.

@Alex Aguilar everything from 4-12 as @Bill E. mentioned.

In that case will it be 100% on Schedule E?

We have seen the e-mails from Freddie Mac and they seem to be absolute jerks even to the buying and selling agents. 

Fast forward 10 years and hours upon hours of research and consultation from multiple very knowledgeable attorneys and I am about to list a house for 200K that cost me about 8-10K in legal and tax fees and about 40K in renovations.

@Chase MaherChase: Great to e-meet!