JohnB5677
Expert Alumni

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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