Sheena owns two rental houses. During the year, she was actively involved in managing the properties. The
Fantastic news! We've Found the answer you've been seeking!
Question:
Sheena owns two rental houses. During the year, she was actively involved in managing the properties. The only services she provides are minor repairs and basic maintenance of the heating, cooling, electrical, and plumbing systems. She is not a real estate professional.
How should Sheena report the rent she received as payment for use of these properties?
Business income reported on Schedule C.
Investment income reported on Schedule D.
Passive income reported on Schedule E.
Other income, reported on Schedule 1.
Expert Answer:
Posted Date:
