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Get your taxes done using TurboTax
@jvmoney wrote:
In the example where my rentals are 7 days are less and can prove I materially participate, I’m assuming both (income and depreciation) would be reported on a schedule C
My opinion is that is the wrong assumption and I wholeheartedly agree with @AnnetteB6's assessment.
Report the rental on Schedule C only if you provide significant personal services for your renters.
April 19, 2023
10:29 AM