Schedule E or Self-Employment?


#1

Taxes are coming up and looking to engage with a tax specialist soon, but curious to hear where you folks list the income if you do this part time in your home? Do you list your income in Schedule E (Rental Property) or Self-Employment income?


#2

Anyone have any guidance on this?


#3

Hi Karen, I’m not a Tax Specialist but Peerspace sends out a 1099-MISC. This question really depends on if you are reporting as a business or individual. You can check out this link from the IRS they cover a few different scenarios.

https://www.irs.gov/faq-index-search?search=+1099-MISC

https://www.irs.gov/forms-pubs/about-form-1099-misc


#4

i am also doing this part time in my home, and have the same question.