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Business & farm
Schedule E is used for reporting rental income from residential rental real estate, and royalty income. That's it.
SCH C is used for reporting active business income, and that's it. Rental income from residential rental real estate is not reported on SCH C. If rental real estate is the only business income you have, then you have no need to be filling out a SCH C at all.
SCH C is used for reporting active business income, and that's it. Rental income from residential rental real estate is not reported on SCH C. If rental real estate is the only business income you have, then you have no need to be filling out a SCH C at all.
‎June 6, 2019
6:10 AM