MGC94
Level 7
04-15-2021
04:55 PM
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camper rental on schedule E? or schedule c? They rented it out for 6 months. How would one depreciate it?
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sjrcpa
Level 15
04-15-2021
04:57 PM
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It's not real estate or royalty so not Schedule E.
The more I know the more I don’t know.
MGC94
Level 7
04-15-2021
05:14 PM
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how would you report it? sch C?
PATAX
Level 15
04-15-2021
05:40 PM
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Conway, you have to ask yourself these questions: are they in the business of renting camper? Have they done this before? Have they done this on a regular basis and a consistent basis? And so forth... I would go on the IRS website and look for what qualifies a business and self-employment income ... Just my opinion...
Level 15
04-15-2021
05:57 PM
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Rental of personal property generally goes on the Other Income line.
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