QUESTION DETAIL
Related User
Votes
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?
ANSWER
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.