Idaho Admin. Code r. 16.03.05.410

Current through September 2, 2024

Section 16.03.05.410 - RENTAL INCOME

Net rental income is unearned income, unless from the business of renting real property. Net unearned rental income is gross rent less the expenses on the rental property as listed below. Net rental income from the business of renting properties is self-employment earned income.

01.Interest. Interest and escrow portions of a mortgage payment.

02.Real Estate Insurance.

03.Repairs. Minor repairs to an existing rental structure.

04.Property Taxes.

05.Yard Care. Lawn care, including tree and shrub care and snow removal.

06.Advertising Costs for Tenants.

Idaho Admin. Code r. 16.03.05.410

Effective July 1, 2024