Multiple Choice
Jane and Don own a ski chalet in Lake Tahoe,NV and rented it for 12 days for $8,000.The rest of the year,the chalet was used by them and their friends and family.What is the proper tax treatment of the $8,000?
A) None of the rental income is included in gross income
B) The amount should be reported as other income on Form 1040
C) The amount should be reported on Schedule C
D) Should be reported on Schedule E
Correct Answer:

Verified
Correct Answer:
Verified
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