Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

5
Posts
1
Votes
Clayton Hucke
  • Rental Property Investor
  • Tulsa, OK
1
Votes |
5
Posts

Schedule E vs. Schedule C

Clayton Hucke
  • Rental Property Investor
  • Tulsa, OK
Posted

I purchased a condo in September of 2018.  Rehabbed the property in one month.  I started marketing the property with availability starting October 12th.  I immediately received three weekend bookings and an inquiry for a longer booking.  I eventually worked out a short-term lease agreement with this lady.  According to the short-term lease, she would be renting the condo for 2.5 months.  She also agreed to let me honor those weekend bookings in addition to allowing further Airbnb rentals while she was back home for Thanksgiving.  Her lease was from October 15th-December 21st.   After December 21st, I had two consecutive 7 day bookings.  

My question is, can I still just report this property on Schedule E, since the vast majority of rental days were under her short-term lease agreement?  The way I saw it, the extra Airbnb days were the icing on the cake.  I'd hate to be subjected to Schedule C, just because I was able to open the property up to make some more money.

Thanks for all input!

Loading replies...