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J
jfalisij
February 18, 2023
Question

Rental property classification

  • February 18, 2023
  • 1 reply
  • 0 views

My rental property (a 2BR condo with a tenant) should be identified as investment property, but not a business, correct? 

    1 reply

    DMarkM1
    DMarkM1
    February 18, 2023

    It's neither.  Its a rental property entered in the "Rental, Royalty..." topic under the "Wages and Income" section which generates a Schedule E.  

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