Ok I'm a fairly new at this and I wanted to get a second input and the most simplest answer please, so I have my normal w2, which I made about 16,000, and the other around 500 from two jobs the question being is I also own one home with my brother and sister in which we all have under our names and we have tenants paying about 1300 a month, what paper work do I need for the house and will this put me at risk to owe money or gain. For the record we do not collect the money it strictly goes to our mom we just had to get the house off her name. I know it's a lot of info but I want to be in and out of the h&r block without returning for more paper worm
