abctax55
Level 15
02-23-2024
11:36 PM
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Sch C vs a Sch E is determined by the facts & circumstances.
Rental with no services = E
Rental with services = C.
The fact it is a SMLLC is irrelevant; it doesn't change the nature of the income.
You, and your client, have to evaluate the facts & circumstances.
HumanKind... Be Both