Kaegan and Padma own their home, which they listed for rent through a vacation rental platform. They
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Kaegan and Padma own their home, which they listed for rent through a vacation rental platform. They rented it for 12 days during the year. During the period it was rented, they provided fresh linens and prepared a hot breakfast for the guests each morning. The couple did not receive a Form 1099-K, Payment Card, and Third Party Network Transactions. Where on their joint return will Kaegan and Padma report this rental income?
Schedule 1, Additional Income and Adjustments to Income.
Schedule C, Profit or Loss from Business.
Schedule E, Supplemental Income and Loss.
The income is not taxable or reportable.
Related Book For
Taxation For Decision Makers 2019
ISBN: 9781119497288
9th Edition
Authors: Shirley Dennis Escoffier, Karen A. Fortin
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