fcwm
Level 2
04-06-2023
11:52 AM
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Client purchased a home in 2022 that had tenants. They stayed through the end of their lease, about 4 months. Client received a 1099 for rents received. I suspect the answer will be that this needs to be reported as rental activity on Sch E but curious if there are other options? Hoping to avoid depreciation, etc.
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