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Investors & landlords
You can basically do that by creating a Schedule C with your SSN.
Use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if:
- Your primary purpose for engaging in the activity is for income or profit.
- You are involved in the activity with continuity and regularity.
- About Schedule C
You would have each rental pay a fee to the Schedule C, and use items like any above, plus accounting, business mileage and other common expenses.
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‎February 9, 2023
5:16 AM