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Author: Wradical Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121598  
Subject: Re: Taxes: Schedule C or E Date: 8/9/2012 9:36 AM
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If anything interesting comes up on that thread, I will post it here, as you have to sign up for that Yahoo board. It's well worth watching. Vacation rentals as an industry are exploding in popularity. Perhaps the IRS ignored it for the most part, but now realize they left a good deal of money on the table, if only in social security taxes. I can't help but wonder if this ruling is a sign to come.
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Of course, Social Security taxes are only an issue if you make money at it. And if you're showing a profit on vacation rentals, you're probably doing something wrong. (Just about nobody else does.)

Bill
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