11Buster
Level 4
06-09-2022
10:32 AM
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My client decided to buy an RV in 2021 and rent it out w/o any personal usage. He rented it out 88 days, no more than 7 days as a time, provided no substantial services other than delivering and setting up onsite/picking up & breaking down, if within a 200 mile radius of his home, and cleanings in between rentals. I am leaning towards a schedule E. On the other hand it is a rental of personal property and as such, should be on sch C? If the former, I think I can only take bonus (not section) 179 depreciation on entire cost of RV? There is a lot of different views out there!
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