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aljarah
New Member

I am reporting short term rentals on Schedule c this year after reporting on Schedule E last year. How do I bring forward the passive Activity loss from 2017?

I am reporting short term rentals on Schedule c this year after reporting on Schedule E last year. How do I bring forward the passive Activity loss from 2017?

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Leonard
Intuit Alumni

I am reporting short term rentals on Schedule c this year after reporting on Schedule E last year. How do I bring forward the passive Activity loss from 2017?

Rental property is required to be reported on Schedule E.  You cannot use Schedule C Profit or Business Loss to report rental income and expenses.  The fact that these are short time rentals does not change the IRS requirement that all rentals be reported on Schedule E.

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