Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Income — Rental and Schedules K-1

Introduction

Objectives

At the end of this lesson, using your resource materials, volunteers with an Advanced certification will be able to:

  • Identify Schedule K-1 income items that are within the scope of the VITA/TCE programs
  • Determine how to report Schedule K-1 income items

For volunteers with a Military certification, you will be able to:

  • Determine which types of rental income must be reported
  • Identify how to report rental expenses

Estimated time to complete: 1 hour.