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Updated 9 months ago, 04/19/2024
HH Taxes: 1040 E or 1040 C?
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they reference / how are they interpreting it?
I promise i'm not getting all my tax advice on social media... but my tax advisor hasn't helped prepare for a HH yet and he's flip-flopped between Sch E and Sch C enough to make me question it... His final determination (3rd choice) was Schedule E, although this is not what i expected and is not nearly as beneficial when it comes to writing off expenses towards my income / lowering AGI as schedule C. Just wondering if anyone out there is filing with someone who has more experience / precedent in this situation. This will help me decide if i need to find another accountant before tax day.
TYIA!!