Solved: Re: Rental Property Questions

AmyC

Most landlords use Sch E but sch C is required sometimes. Topic no. 414, Rental income and expenses states:

if you provide substantial services that are primarily for your tenant's convenience, report your income and expenses on Schedule C (Form 1040), Profit or Loss From Business (Sole Proprietorship).
Report income and expenses related to personal property rentals on Schedule C (Form 1040) PDF, if you're in the business of renting personal property.

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jimro

Agree, but client question surely implied they were not in a rental business that would require Sch C. That’s why I recommended Sch E

Rental Property Questions