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We have a mobile home we rent. Where do we report the rental income on our tax return? Which schedule do we report it on?


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The BIDaWIZ Team's Answer:

You should be reporting this income on Schedule E of your form 1040 if the rental income is from a passive activity. Please let us know if this is the main source of your business. If that's the case, then Schedule C would be more appropriate.

The BIDaWIZ Team

 

 

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