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If the borrower is able to document (per the table below) that the rental property was not in service the previous tax year, or was in service for only a portion of the previous tax year, the lender may determine qualifying rental income by using Schedule E income and expenses, and annualizing the income (or loss) calculation; or
If the rental income is taxed at marginal tax rate, itâs a huge... show more I have few rental properties which are considered as long-term investments because its meant for my kids college expense. I am wondering if the rental Income is taxed at my marginal tax rate (at 35%) or at long-term investment income tax rate of 15%. If the rental income is taxed at marginal tax rate, itâs a huge... show more I have few rental properties which are considered as long-term investments because its meant for my kids college expense.