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Maurice is skilled at finding and purchasing property at sub - market prices. He rarely owns these properties for more than a few months, as
Maurice is skilled at finding and purchasing property at submarket prices. He rarely owns these properties for more than a few months, as he prefers to make a few upgrades and then sell them at a profit. Occasionally, Maurice buys a property with a tenant in residence, from whom he receives rent payments.
How does he report this rental income on his tax return?
Notforprofit income, reported on Schedule Form line
Business earned income, reported on Schedule C
Investment income, reported on Schedule D
Passive income, reported on Schedule E
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