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Investors & landlords
@Carl wrote:
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.
...and I'm not insinuating otherwise. But that does not mean for this specific situation, it could not be SCH C. I don't have all the facts to make any such determination, as such facts are not provided.
You stated, "I am also assuming that all rentals are long term rentals, and not short term rentals such as one deals with on VRBO or AirB&B. The latter are without question, a SCH C rental."
Thus, you did not insinuate otherwise, you actually wrote that short-term rentals on sites such as VRBO and AirBnB are, "without question", Schedule C rentals. That statement is, of course, inaccurate.
March 7, 2021
11:33 AM