On Schedule C, it shows 0 deductible rental loss. If I check the box G which means other passive exceptions, then it is recognized as loss.
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Any particular reason why you believe this should be a Sch C rather than Sch E activity?
Assuming this is a newly acquired property which needs to be renovated prior to rental, the expenses would generally need to be capitalized and not be deductible.
Any particular reason why you believe this should be a Sch C rather than Sch E activity?
Assuming this is a newly acquired property which needs to be renovated prior to rental, the expenses would generally need to be capitalized and not be deductible.
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