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Real Estate Agent renting own condo- file Sch. E for the inc& exp of the condo, and file Sch. C for other inc & exp of RE biz? Or should all be combined on Sch.C?

Unsure to file both Sch. E and C. Or to combine all income and expenses on Sch. C since I'm an agent working with a brokerage firm with no other job.

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2 Replies
Leonard
Intuit Alumni

Real Estate Agent renting own condo- file Sch. E for the inc& exp of the condo, and file Sch. C for other inc & exp of RE biz? Or should all be combined on Sch.C?

You will file Schedule E to report your rental income and expenses only.  To report your self-employment you will use Schedule C Profit or Loss from Business to enter your expenses and income from your self-employment as a real estate agent.

Real Estate Agent renting own condo- file Sch. E for the inc& exp of the condo, and file Sch. C for other inc & exp of RE biz? Or should all be combined on Sch.C?

Good info.

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