I have a vacation condo. I stayed there 84 days. I rented it 133 days. This made the income to not be considered passive income due to my length of stays there. I have a loss. I do not materially participate in running the condo. A property management company does that. I thought that I should use Schedule E for Vacation Home Rentals. However, TurboTax agents stated that I should put it on a Schedule C as a business. Is this correct? This would mean that losses can be claimed in the current year against other nonpassive income and future profit may be subject to self-employment tax. Is Schedule C the correct way to report this?
