Carl
Level 15

Deductions & credits

@AmeliesUncle 

I do not have another job, this accounts for 100% of my time

Is there "any" way this could legally qualify as a SCH C business Since this is their primary (albeit, "only") source of income? Would make things a lot better I would think. Yes, they'd pay SE taxes. But then they'd be contributing to their own future SS income and would also allow them to make IRA contributions. Maybe putting the 5 rentals in an S-Corp if no problem for any mortgage holders? Just thinking out loud.