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April 3, 2022
Question

I want to change my campground rental from schedule E that I have filed the last 2 years to schedule C, how can I do that in Turbotax

  • April 3, 2022
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1 reply

JohnB5677
April 3, 2022

If you are receiving rental income Schedule E is the proper form to use. In addition, it is to your advantage to continue to use Schedule E because it reflects passive income which Schedule C does not.  Passive income is not subject to unemployment taxes. The self-employment tax rate is 15.3%. That rate is the sum of 12.4% for Social Security and 2.9% for Medicare.

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