A taxpayer rents out their home while they are away on business trips for ten days a year. They make about $4,000 and incur $500 in expenses connected to this. What is the best way for this to be reported on their return with the least increase in tax? The amount of time is less than the minimum for the exclusionary rules for propety rental, so none of the income is reported and none of the expenses are either. O Complete a Schedule E with $4,000 in gross profit and the $500 in expenses. Report the net income as Other Income on the 1040 O Complete a Schedule C reporting the income and expenses and taking the net as self-employment income