Announcement

Collapse
No announcement yet.

Schedule C and minimum rental use

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Schedule C and minimum rental use

    Hi,
    Can I deduct rental expenses on my schedule C and qualify for the minimum rental use rule(<14days)? or can this only be deducted on a crop or llc ?

    Thanks,
    Alex

  • #2
    any help will be appreciated.
    Thank you!

    Comment


    • #3
      What’s the rental? What is your schedule C business? Or is this a schedule E rental property?

      Comment


      • #4
        Also, I’m not a cpa, but the minimal rental rule means you don’t have to report the rental income but also don’t get deduct the expenses, if I understand correctly.
        https://www.irs.gov/taxtopics/tc415

        Comment


        • #5
          You cannot deduct a self rental on your schedule C if that’s what you’re asking.
          Our passion is protecting clients and others from predatory advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

          Comment

          Working...
          X