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Investors & landlords
@Carl wrote:It's also possible and acceptable to treat the washer/dryer as their own physically separate rental unit. You are in fact, "renting" them out on a per-load basis. It's also possible you don't limit their use to tenants only. So it's perfectly acceptable to treat the washer/dryer as a physically separate rental business. It still gets reported on SCH E though.
If the rental of the use of the machines are separate from the rental of the property, it would go on Schedule C.
But it seems like the machines are only for the tenants and are so closely related to the rental of the property, I would probably just include it as part of the income for the property rental on Schedule E.
‎July 5, 2020
2:34 PM