Investors & landlords

Well Turbo tax has it wrong then.  

 

1) According to the IRS: "Generally, Schedule C is used when you provide substantial services [i.e. hotel like services] in conjunction with the property or the rental is part of a trade or business as a real estate dealer."

 

2) Generally, unless you meet the qualifications to be considered a real estate professional, your rentalincome is passive and should be reported onto a Schedule E. If you meet the qualifications to be considered a real estate professional, your rental income is not considered to be passive, and can be reported onto a Schedule C.