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Level 5
November 11, 2021
Question

Should a self storage activity be on a schedule C or E?

  • November 11, 2021
  • 3 replies
  • 23 views
Is operating a self storage business subject to self employment tax?
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3 replies

Intuit Community Champion
November 11, 2021

If real property you would put it on 1040 schedule E. not subject to se tax

Level 15
November 11, 2021

If it provides "services", yes, self employment tax applies and it goes on Schedule C.

If "services" are not provided, it goes on Schedule E.

From what I remember from court cases, I think I came to the conclusion that most self-storage facilities do NOT provide "services".

Intuit Community Champion
November 11, 2021

If you read the instructions for schedule E, line one says as an example "self storage unit" so I can see why the court cases would side with schedule E, therefore no SE tax