Deductions & credits

I agree, but it should be clarified that a real estate professional (which is sort of a term of art) does not report on Schedule C unless the individual provides significant services to renters or is a real estate dealer (one who holds real estate for sale to customers in the ordinary course of business as a dealer).

 

 

Real estate professionals, typically, continue to report on Schedule E.

 

See https://www.irs.gov/publications/p925#en_US_2020_publink1000104591