 Income tax 2022-2023, reporting rental income expenses and losses, casualties and thefts. Let's do some wealth preservation with some tax preparation. Most of this information comes from publication 527, residential rental property, including rental of vacation homes tax year 2022. You can find on the IRS website, irs.gov, irs.gov. At the income tax formula, we're focused on line one income. Remember on the first half of the income tax formula is in essence an income statement, but just an outline other forms and schedules flowing into these line items like the Schedule E, it in essence being an income statement in and of itself with rental income minus rental expenses. The net rental income in essence rolling into line one income of the income tax formula, casualties and thefts. Now remember that in prior