Hotel Income - Tax Reporting

**ATSMAN** · 07-12-2018, 09:45 AM

Originally posted by Florida_EA

Client is in the hotel business and has rental income. What schedule is used to report the rental income and related expenses?

What type of business entity is the Hotel business? It would depend on that.

**Florida_EA** · 07-12-2018, 10:17 AM

Originally posted by ATSMAN

What type of business entity is the Hotel business? It would depend on that.

It is a partnership Form 1065

**spanel** · 07-12-2018, 10:28 AM

Originally posted by Florida_EA

Client is in the hotel business and has rental income. What schedule is used to report the rental income and related expenses?

Are you talking about non Hotel income.. IE rental income from an apartment/lot?

Chris

**Florida_EA** · 07-12-2018, 10:59 AM

Originally posted by spanel

Are you talking about non Hotel income.. IE rental income from an apartment/lot?

Chris

This is hotel income - like franchise ownership of one of the hotel chains. This is not residential or apartment income.

**Jiggers** · 07-12-2018, 12:02 PM

Goes on the 1065 as a trade or business. Subject to SE tax.

**spanel** · 07-12-2018, 01:08 PM

Originally posted by Jiggers

Goes on the 1065 as a trade or business. Subject to SE tax.

Agreed. The income from the Hotel is not Rental income/expense. Its normal income/expense.

Chris

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