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Investors & landlords
@Superaledh wrote:I have a short term rental, that I do not use as a home, stay in less than 14 days or 10% of rented days.
You still need to divide your rental use and personal use days per Section 280A.
You must allocate your expenses based on the number of days of personal use to total use of the property.
See https://www.irs.gov/instructions/i1040se#en_US_2022_publink24332td0e938
The rental does not belong on Schedule C unless you provide significant services to your renters (or are a real estate dealer).
See https://www.irs.gov/instructions/i1040se#en_US_2022_publink24332td0e1083
March 31, 2023
7:01 AM