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April 19, 2022
Question

Should I treat my rental as a house even if it was a vehicle?

  • April 19, 2022
  • 1 reply
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1 reply

KrisD15
April 19, 2022

No

Don't use Schedule E for rentals, use Schedule C as a business. 

 

Schedule E is PASSIVE income, meaning you own real estate, people pay you rent and you don't do much to get that income. 

 

Renting your vehicle requires more involvement.  Treat it as a business. 

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