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posted Mar 23, 2025 10:10:40 PM

How does a vehicle for rent on Turo.com get reported accurately as a rental?

All schedule E options appear to be home and mortgage related

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1 Replies
Expert Alumni
Mar 24, 2025 4:09:27 AM

It doesn't get reported on Schedule E.  It gets reported on Schedule C.  A vehicle is personal property, not real property. 

Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use Schedule C.