Regarding your first question: the choice between Schedule E and Schedule C can significantly impact the taxation of your income, particularly in scenarios involving rental properties or self-employment.

Seeking guidance from reputable professionals specializing in real estate taxation is crucial to ensure compliance and optimize eligibility for REPS.

@Sudhi Avula Do you have a CPA that specializes in real estate taxation?

Do you have a CPA that specializes in real estate taxation?

@Jennifer TaylorI recommend finding a tax strategist who specializes in real estate taxation and tax planning.

In Europe as cities enact bylaws for regulation and taxation, or in some cases, ban them entirely.

@Gerald MaczugaI recommend finding a tax strategist specializing in real estate taxation.

"Ted Lanzaro: is a CPA, author and speaker specializing in taxation for the real estate industry.No, there is a three part test - do you have basis (probably yes because you put &’s in), can you qualify as a RE pro (yes), did you materially participate in the activity of the entity (no - this is where you fail the tests).

Rental income is typically subject to taxation, and you may need to report the rental income on your tax return.

@Candi Kham,I recommend finding an accountant that specializes in real estate taxation and financial planning.