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

Schedules K-1 and Rental Income Workout

Skills Workout

Certification Warm Up: Question 1 of 6

Which of the following taxpayers is exempt from reporting rental income?

Trent, who owns a home and receives rent from his roommate
Larice, who rents out her former residence in New York while she works overseas.
Valencia, a resident alien who rents her former residence in Argentina
None of the above