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Level 3
posted Feb 28, 2024 9:02:36 PM

Schedule E or C for Rental arbitrage

I lease homes, furnish them and rent them out for a higher amount to another tenant. The profit lies in the difference that the renters pay me and the amount of rent I pay the  landlord. Ca rental arbitrage be filed as a schedule E or does it HAVE to be a schedule C? 

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1 Best answer
Level 15
Feb 29, 2024 9:36:41 AM

If you are not providing "services" to the tenants (for example, maid service or meals), then it goes on Schedule E.

 

1 Replies
Level 15
Feb 29, 2024 9:36:41 AM

If you are not providing "services" to the tenants (for example, maid service or meals), then it goes on Schedule E.