Question
Kaegan and Padma own their home, which they listed for rent though a vacation rental platform. They rented it for 12 days during the year.
Kaegan and Padma own their home, which they listed for rent though 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?
A)Schedule 1, Additional Income and Adjustments to Income.
B)Schedule C, Profit or Loss from Business.
C)Schedule E, Supplemental Income and Loss.
D)The income is not taxable or reportable.
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