- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
You don't recapture it yet. But you "may" need to "account" for it now. I assume as a rental property you were reporting the rental income/expenses on SCH E.
So are you no longer reporting the same property as a short term rental on SCH E? (You meet the qualifications to report as a SCH C business maybe?) Or are you entering it as a completely new endeavor on SCH E?
March 28, 2021
10:27 AM