aljarah
New Member

Can I change rental income from Schedule E to Schedule C?

Last year I had a Lake property which I rented through AirBNB and reported income & expenses on Schedule E. This year I purchased a 2nd property and have extensive interaction with the short term guests and would like to report on Schedule C since I was unable to deduct loss last year due to high income limitation. Can I start reporting now on Schedule C and if so how do I carryover last year's loss?