TomK2023
Expert Alumni

Investors & landlords

What kind of boat is it?

 

The test the IRS applies is simply that the property has to have have all three:

  • sleeping
  • cooking and
  • toilet facilities

If so, it can be treated as a rental property, reported on Schedule E.

 

If not, say its a bass/fishing boat, then it is reported on a Schedule C.

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