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Question

my 2023 1040was prepared by Turbo tax , I am managing my rental properties my self , I charged management fee schedule E , why did not charged income in schedule C

Forum|Forum|1 year ago
March 21, 2025
1 reply
0 views

should the amount I charged in schedule E be consider as an Income ?

TurboTax Online

Yes, the income that you receive on schedule E is taxable income. Any rental income that is more than the expenses you will pay regular income tax on.

If you are doing short term rentals that average less than 7 days per stay then all of your rental income should be entered on schedule C and you should be treating all of your rentals as a business. Then all of the expenses and income can be entered on schedule C.

Here is a good thread on the subject.

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