The Best Way to Own That Palatial Rental Property!
Do you have a palatial ski home or beachfront property you rent out?
If so, you likely have a choice — either
- claim the income and expenses on Schedule C, or
2. claim the income and expenses on Schedule E.
When Is Schedule C a Good Choice?
If you show a tax loss on your rental property, Schedule C is a great choice because it allows you to deduct your rental losses against all other income (assuming you materially…