I own 1 rental property and it is used to provide 100% of my income. The business is registered as a legal business in my city and state and I file quarterly income taxes with the state and of course, federal taxes in April.
I do not provide daily "hotel service".
This year do I use a Schedule E, as I have been for the past 6 years, or can I change to Schedule C so lenders will be able to process my PPP loan application?
I've applied for several PPP loans from different lenders, but they all ask for my Schedule C, which I cannot provide. I send them my Schedule E, but they just reply back to me to submit a Schedule C instead.
I know that Short Term Rental businesses are allowed to receive a PPP loan, but how can I get it if I don't have a Schedule C ?
Thanks
