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Investors & landlords
@DiddlyD wrote:
All I said is, IF you are in the classification of a "Short Term" rental, which is renting for less than 30 day stays (nightly/weekly), you will be considered in the category the same as Hotels/Motels and BNB's (bed and breakfast) due to it's transient nature.....
Sorry, but the above-quoted statement is simply not accurate with respect to federal income tax laws and regulations.
@DiddlyD wrote:.....1099-K can only be reported on Schedule C not on E.
Again, not accurate and I highly the source of your information and even Intuit (TurboTax) disagrees with you.
‎December 13, 2022
1:53 PM