@Carl wrote:
As an "active participant" in the business you own, you could make the rental a SCH C business. In that case, the land will still not be depreciated and you *WILL* pay the additional 15.3% self-employment tax on the income.
Only real estate dealers pay self-employment tax on income from rental real estate per Section 1402.
Also, those operating lodging, such as a hotel, and/or providing services to guests.
