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Investors & landlords
Rental receipts are either income or reduction in rent expense. In either case they can increase your taxable income which could result in putting you into a higher tax bracket.
Rental income can be reported on schedule E, and that would shelter it from self-employment tax. That being so, why would you want to report it on schedule C?
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March 3, 2020
1:40 PM
9,811 Views