[Cflames_12.5]

Can someone tell me the pros and cons of claiming a rental property on taxes. The wife and I rent out our house basically just to carry the mortgage. It has come to our attention that we could be claiming this and possibly getting a big tax return to help. I'm really not an expert on this at all. The whole situation just kind of happened in being a land lord.

Do I have to claim?

If I don't claim could I get in trouble? I should mention my family rents it does that matter?

Is there any financial gain claim this? The person who told me about this said I should be claiming this and putting the tax return right on the mortgage.

Thanks for any advice