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Investors & landlords
@Yaby wrote:I have a full time job while a part time real estate professional selling residential properties as well as actively managing my 4 rental properties.
Am I able to report these rental income in schedule C for 2020?
Rental property (real estate) only goes on Schedule C if you provide "services" (such as maid service or meals) to the tenants. Otherwise, it goes on Schedule E. It is not a choice.
‎January 5, 2021
8:15 AM