Investors & landlords


@BHancock wrote:


According to: https://www.irs.gov/publications/p925

Under section "Rental Activities"

"Exceptions. Your activity isn’t a rental activity if any of the following apply.
1. The average period of customer use of the property is 7 days or less."


 

That is for purposes of the Passive rules, NOT for other purposes, such as Self Employment Tax (which is what Schedule E versus Schedule C is based on).

 

If "services" are not provided to the tenants, it belongs on Schedule E, not Schedule C.