Page 29

2026 - 2027 I PY27 NH Fuel Assistance Program (FAP) Procedures Manual 29 Rental Property Income

Applicant landlords must provide their most current signed federal tax return (Form 1040), along with Schedule E. If the rental income is not present on the most current tax return, applicants must complete a Rental Income Declaration (Attachment F). If an individual has not owned the property for a full year, the income since the start of the ownership will be used to enter income by determining a monthly amount.

Rental business expenses from occupied rental units are deductible. These expenses may include fuel and electric costs, property taxes, repairs, mortgage interest, advertising, and general maintenance costs. The landlord’s personal living space expenses cannot be deducted. In a situation where an applicant owns and resides in one apartment of a two-family house and one half (1/2) of the building is rental producing, one half (1/2) of the expenses may be deducted.

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Page 29

Official source

2026 - 2027 I PY27 NH Fuel Assistance Program (FAP) Procedures Manual 29 Rental Property Income

Applicant landlords must provide their most current signed federal tax return (Form 1040), along with Schedule E. If the rental income is not present on the most current tax return, applicants must complete a Rental Income Declaration (Attachment F). If an individual has not owned the property for a full year, the income since the start of the ownership will be used to enter income by determining a monthly amount.

Rental business expenses from occupied rental units are deductible. These expenses may include fuel and electric costs, property taxes, repairs, mortgage interest, advertising, and general maintenance costs. The landlord’s personal living space expenses cannot be deducted. In a situation where an applicant owns and resides in one apartment of a two-family house and one half (1/2) of the building is rental producing, one half (1/2) of the expenses may be deducted.