macktracey498 macktracey498

08-09-2022
Advanced Placement (AP)

Answered

Sheena owns two rental houses. During the year, she was actively involved in managing the properties. The only services she provides are minor repairs and basic maintenance of the heating, cooling, electrical, and plumbing systems. She is not a real estate professional.

How should Sheena report the rent she received as payment for use of these properties?

Answer :

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