RE: [taxchat] rental income prior to converting to home care facility/ additional question

Additional question –

 

Or could I put the income amount on a Schedule E?

 

Thanks,

cris

 

From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Cris Kelly
Sent: Wednesday, October 01, 2008 11:48 AM
To: taxchat@yahoogroups.com
Subject: [taxchat] rental income prior to converting to home care facility

 

This question is the for the same client that I asked about earlier combining the two homes under 1 C.

 

Apparently on the house she bought in 07, she received rent from the prior owners before she converted the home into her new residential business.

 

I would like to list this amount as ordinary income not on her Schedule C (SE tax), but I think that I need to put it on the schedule C. 

 

Can anyone let me know what they think?

 

Thanks for the help

 

Cris

 

 

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