Re: Lease/Option Sandwich TAX HELP!!!

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Posted by randyOH on February 06, 2010 at 12:15:19:

In Reply to: Lease/Option Sandwich TAX HELP!!! posted by Bob on February 05, 2010 at 03:20:21:

You could send your sellers a 1099misc for the rent you pay them. I am not sure this is required for rental payments, but perhaps it is.

As to how to report your income and expense on your tax return, I would think you should use sched E. This is the form for rental income and it does not require the payment of the self-employment tax. If you use sched C, you would have to pay the SE tax on any net income.

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