azkl
Level 1

 

We report the rental and its loss of a rental proeprty in DC on schedule E of 1040 (not schedule C as business income).  Do we still need to file Business Franchies Tax Return Form D-30?  If so, expenese on schedule E e.g. managemenrt fee, insurance, mortgage interest, property tax etc. can also be claimed as deductions on Form D-30?

Also, is balance sheet (shcedule I) mandatory since there is no balance sheet on federal 1040?

 

Thank you.

Andrew  

 

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