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Thread: Renting out 2nd golf cart
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Old 06-13-2021, 10:12 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by Spalumbos62 View Post
What about all the landlords that include them in monthly rental.... that's not running a business. But if course, yes, get insurance....or have renter pick up a 1 week policy.
Technically, the IRS considers income from rental real estate as supplemental income (Schedule E), not a business. But, if you are renting personal property, I think they would consider it a business (Schedule C).