topic Rental propery in Get your taxes done using TurboTax

Rental propery

ChasandPom — Tue, 24 Feb 2026 07:35:57 GMT

We have filed Sch C for a rental property since 1980. Should we continue to file on Sch C? Is this still considered to be a business, as opposed to filing Sch E. Will we get the newer Qualified Business Income Deduction which should be a help for reduction of total income or is it additional income for us.

Re: Rental propery

Anonymous_ — Wed, 25 Oct 2023 17:41:43 GMT

You should probably have been filing on Schedule E (not Schedule C) unless you are a real estate dealer or you provided significant services to your renters.

See https://www.irs.gov/instructions/i1040se#en_US_2022_publink24332td0e1083

You might want to consult with a local tax professional at this point.