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Mona2025
New Member

Can I change rental income from Schedule E to Schedule C?

Thank you for your extensive explanation. 

 

Just one follow up question for clarity; the new cost basis would be Cost minus total depreciations taken on sch e?  Or is the new cost basis the previous Depr Basis which is different from Cost?

 

Thank you.

Vanessa A
Expert Alumni

Can I change rental income from Schedule E to Schedule C?

Cost basis is generally your cost minus depreciation.  It depends on where you are entering it, on if you would enter it as two separate items or just one.  Where are you entering it?

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