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Investors & landlords
In addition to @Mike9241's post, it is also important to know whether the income is passive or nonpassive (which is different from passive versus earned).
As @Mike9241 indicated, your income/loss would not be reported on Schedule C unless you provided substantial services to short-term renters or you were a real estate dealer.
Further, your income/loss would be passive unless you were considered to be a real estate professional who materially participates in your rental property(ies), which is clearly not the case since you indicated you do not even actively participate.
‎October 25, 2022
6:35 AM