My "small business" is residential real estate. Income is reported on Schedule E. Should I be reportng something on Schedule C instead? Would that be subject to FICA?

grandmavovo — Sat, 01 Jun 2019 18:17:16 GMT

If you are "in the business" of residential rentals as a...

Ashby — Sat, 01 Jun 2019 18:17:17 GMT

If you are "in the business" of residential rentals as a primary, actively involved source of income, then you could report on Schedule C. However, any reporting on Schedule C will be subject to self-employment tax (FICA).

You should really only report on Schedule C if you provide substantial services that are primarily for your tenant's convenience(cleaning, maid service, etc.). Rentals generally belong on Schedule E.

topic My "small business" is residential real estate. Income is reported on Schedule E. Should I be reportng something on Schedule C instead? Would that be subject to FICA? in Business & farm

My "small business" is residential real estate. Income is reported on Schedule E. Should I be reportng something on Schedule C instead? Would that be subject to FICA?

If you are "in the business" of residential rentals as a...