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Rental property purchased under a business that files a Schedule C. Does this get put on a Sch E or Sch C

Level 1

Client started a business for property investing.  After taking expenses on past tax returns, she now purchased a rental home she found.  The 1099misc for rental income has the businesses name but her social security number on it.  Not sure whether to put this on a Schedule C or an E.

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2 Comments 2
Level 15

Rental income goes on Sch E.

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Level 15

"The 1099misc for rental income"

The Services she provides would be the Sched C, but the property is personal investment. Realize the Sched C is a disregarded entity, so there is not really a "business" for investing. There is only a business if she provides Services for the property, such as running a B&B.

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