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Deductions & credits
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.
‎September 24, 2020
2:01 PM