Bought a Park model in a different state which is registered with the Department of Motor Vehicles in Arizona. I plan to rent out for now. Is this considered a business?

[PatriciaV]

Yes, you would report this as a Rental Property on Schedule E of your tax return. Please see the references below for help entering the information in TurboTax, rules for Rental Property, etc.

Additional Information:

• IRS Pub 527 "Residential Rental Property"
• Where do I enter income and expenses from a rental property?
• What kinds of rental property expenses can I deduct?
• How do I handle capital improvements and depreciation for my rental?
• What should I do if I didn’t take depreciation on my rental property?