Brigit has a guest cottage on her property. She uses an online platform to rent...
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Brigit has a guest cottage on her property. She uses an online platform to rent the cottage; she cleans the cottage between renters but does not provide other services. The average renter is there for three days. In 2022, she rented the cottage for 175 days. She received a Form 1099-K from the online platform for her rental receipts. How should she report this income? Short-term rentals are not taxable income, so she does not need to report anything. The income should be reported on Schedule C. The income should be reported as passive rental income on a Schedule E. She should request an Earnings Summary so she can properly divide the
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