TooKand LLC’s Post

🔍 Quick Guide: How the IRS Views Your Personal Property Rentals 3 key classifications that determine your tax treatment: 1. Business Rentals = Schedule C + Self-employment tax 2. For-Profit Activities = Schedule 1, no SE tax 3. Not-for-Profit = Schedule 1, limited deductions 💡Pro tip: Renting to your own business? Structure matters! Let's connect to discuss smart tax strategies. #BusinessTips #TaxAdvice #TaxRules

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