Rental propery

[ChasandPom]

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.

[Anonymous_]

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.