Schedule A or E Rental

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12-15-2010, 05:40 PM

egmacrae

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Join Date: Jan 2009

Posts: 10

Schedule A or E Rental

I rented my house out for the summer while back east. The guy I talked to about this at the IRS said I should take it as a miscellaneous income on the 1040 because it wasn't for profit and not do a Schedule E but I want to write off my expenses for property and I think I would have less gain with a schedule E then putting expenses with Schedule A. Whats your take on this? Thanks

« Homebuyers tax credit & at-home business | Property Rental conversion to Primary Residence and Back to Rental Property »

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