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Business & farm
Residential rental real estate is reported on Schedule C if you are a real estate dealer or provide "substantial services" to your renters. Otherwise, residential real estate is reported on Schedule E, whether passive or nonpassive ("active" is a lay term and doesn't exist otherwise, except for "active participation").
On Schedule C, you will find only nonresidential real estate in the Asset/Depreciation section of TurboTax.
‎February 2, 2023
2:07 PM
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