I have a rental property that I rent out weekly and on weekends. Do I report rental revenue and expenses on Schedule E or Schedule C of my form 1040?

ANSWER

The BIDaWIZ Team's Answer:

Generally speaking, you report rental income and expenses on Schedule E of your form 1040. However, if you provide substantial services to your tenants such as regular maid service and other amenities, then you can report it on Schedule C. Heat and electricity, water, cleaning of public areas and trash collection would not be considered substantial services.