- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
@Carl wrote:So if only one of your rentals is short term, then only that rental is a SCH C business.
The mere fact that the rentals are short-term does not mean they constitute a "Schedule C business" and should be reported on Schedule C.
Only dealers in real estate who rent that real estate and owners of real estate who provide substantial services to renters report rental income on Schedule C.
The fact that an owner rents on a short-term basis is relevant for the purposes of passive activity losses (Section 469).
March 7, 2021
10:49 AM