FlyerTalk Forums - View Single Post - Applying for Business Credit Cards [Consolidated]
Old Aug 19, 2012, 11:54 pm
  #145  
Happy
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Join Date: Jul 2003
Location: Florida
Posts: 29,750
Originally Posted by BOShappyflyer
Do you file your income from your rental property as a business? My guess is no. You most likely reported it as ordinary income on your tax return (and fill out some additional schedules) and it has certain tax benefits (deductions) when it comes to repairs and expenses.

I wouldn't consider it as a "business" in the context of credit card apps. That said, I'm no expert in this matter.
Your assumption is wrong.

Credit card application has NOTHING to do with tax reporting.

OP, mia gives you a very good answer. Your rental property is as good as any business can get.
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