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Should I treat my rental as a house even if it was a vehicle?

 
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1 Reply
KrisD15
Expert Alumni

Should I treat my rental as a house even if it was a vehicle?

No

Don't use Schedule E for rentals, use Schedule C as a business. 

 

Schedule E is PASSIVE income, meaning you own real estate, people pay you rent and you don't do much to get that income. 

 

Renting your vehicle requires more involvement.  Treat it as a business. 

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