Schedule E or C?
I started renting my property out full time Dec 30, 2019.
I collect rent that covers everything for the property. The rent includes:
- my furniture and linens are included (all rooms, all appliances)
- 2X/month house cleaning services I pay for through a 3rd party
- all utilities (PG&E, water, garbage, WiFi)
- I pay for the tenants renter’s insurance policy
I manage the entire property myself. This property is owned by me solely. I make repairs myself (I am able to do simple electrical work, plumbing, painting, etc.).
I am actively involved in managing the rental (sourcing new tenants, marketing the property online). I do not source any work to manage the property to others.
I have a regular full-time job on a W2.
Do I file a schedule E or C?
