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Investors & landlords
@Critteror anyone else that can weigh in. I got to thinking about my option 2 mentioned above where I am a "rental agent" receiving income for my services. You said that would be entered under the Self Employment Sch C area since it was a "buisness" income. Wouldn't I from that perspective just be an employee of my step father's rental business so he would need to provide me a W2 or 1099 for contracted work, something like that, and I would enter it in the same area with all my other normal income? If that is the case wouldn't that get into other issues where as an employer he would have to be handling all of the social security and federal taxes etc on me as an employee? OR would none of that be needed, I would just do as you mentioned the first time by putting my reported "income" into the Sch C area with associated expenses on my end?