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Class Life for a Pellet Stove in Residential Rental
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I took your advice and split the rental into two columns on Schedule E. The self-Rental had a $11,000 in net income but since the S-Corp is a Specified Service ...
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Did you allocate the expenses based on the allocation of self-rental income to total rental income for that property?
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Client business is an S-Corp and the rental is reported on Sch E (Single member LLC) for clarification.
