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Investors & landlords
@Carl wrote:Now I'm not saying you can't report on SCH C (if you qualify).
The only taxpayers who "qualify" to report income from the rental of residential real estate on Schedule C (or otherwise as an active trade or business) are those who provide "services" to their tenants and real estate dealers.
All others report on Schedule E regardless of their level of involvement in the rental activity.
‎October 11, 2021
12:06 PM