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    Camper rental

    MGC94
    Level 7
    ‎04-15-2021 04:55 PM

    camper rental on schedule E? or schedule c? They rented it out for 6 months. How would one depreciate it? 

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    4 Comments 4
    sjrcpa
    Level 15
    ‎04-15-2021 04:57 PM

    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

    how would you report it? sch C? 

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    PATAX
    Level 15
    ‎04-15-2021 05:40 PM

    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...

    Just-Lisa-Now-
    Level 15
    Level 15
    ‎04-15-2021 05:57 PM

    Rental of personal property generally goes on the Other Income line.


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