I have an art studio and rent out some of it to other artists. I pay the landlord directly, and collect $ from them. How should I list the $ they pay me? Uncommon income?
02969
2 Replies
Critter
Level 15
Jun 9, 2020 12:44:42 PM
It is income on the Sch C no matter which income section you put it in.
Carl
Level 15
Jun 9, 2020 5:09:16 PM
If your art studio is a SCH C business, then all income received by the business from any source for any reason is business income reported on the SCH C. Period. Then the rent you pay the landlord is a SCH C expense.