It is a business
Quote:
Originally Posted by retiredguy123
I would just point out that the IRS doesn't consider rental property as a business, it is an investment. You report business income on Schedule C, but you report rental income on Schedule E. Two different types of income.
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Interesting, but not accurate in the legal world for a defense. Ask yourself:
Was a contract written and signed?
Why does the Airbnb site call your renters “customers”?
Money or services were exchanged, but the income just falls under another taxable bracket?
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.. though we cannot, while we feel deeply, reason shrewdly, yet I doubt if, except when we feel deeply, we can ever comprehend fully."—Ruskin
Borta bra men hemma bäst
Last edited by Normal; 08-01-2023 at 06:44 AM.
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