Taxes And Sub2 Deals... Which Form
I have 2 different accountants. One says you only need to use Schedule C with Sub 2 deals. All the income is business income you receive from your homes. He says you can also deduct all the interest and real estate taxes and insurance using schedule C.
Another accountant says you must use Schedule E and report all income you receive on your homes as rental income even though the loan is not in your name.
Wondering what other people use?
Rob Carroll
Anderson Investment
Comments(0)