 All right information information Returns if you are involved in a bartering transaction You may have to file either of the following forms. You've got form 1099 be Proceeds from broker and barter exchange Transactions you got form 1099 miscellaneous and you've got the so these are the the reporting forms for the bartering Situation because you still have an income situation similar kind of process that you would have If you're paying someone the IRS wants to pressure the payer To report the income to the person that received the income to double-check that they report their income So similar kind of process here So for information about these forms you can see in the general instructions for certain information returns real estate rents So if you are a real estate dealer who receives income from renting real property on or on Real property or an owner of a hotel motel Etc who provides services made services, etc. For guests report the rental income and expenses on Schedule C notice the real estate gets a little kind of kind of confusing Because you might have like rental property, which you might report on a schedule E and the rental property however It might be different than if you like own a hotel for example Because if you own a hotel you're actively involved in the business You're not as subject to those passive activity rules Whereas if you have rental property then it's it's a schedule E Which is quite similar to a schedule C in essence another income statement related to the rental property but it's sometimes going to have different like Passive income rules Whereas if your schedule C you're act you have an active business that happens to deal with real estate like a hotel Then you might report it on the schedule C Because it's similar to other businesses and you don't have you're not subject to some of those those passive rules Which are usually negative to To you for taxes so once again if you are a real estate dealer who receives income from renting real property or an owner Of a hotel motel, etc. Who provides services like maid services? That's one of the defining characteristics here that you're actively involved in whatnot for guests report the rental income and expense on schedule C Rather than you know schedule E so If you if you are not a real estate dealer or the kind of owner Described in preceding sentence report rental income and expenses on schedule E for for more information see publication 5 to 7 Residential rental property real estate dealer so you are a real estate dealer if you are engaged in the business of selling real estate to Customers with the purpose of making a profit from those sales Rent a rent you receive from real estate held for sale to customers is subject to self-employment tax Then which is a big hit on the self-employment tax However rent you receive from real estate held for speculation or investment is not subject to self-employment tax so another kind of Interesting or messy kind of situation here is that if we're talking about business income if it's if it's a For-profit type of active business You're likely then going to be dealing with not only as we saw in prior presentations The federal income tax but possibly getting hit with the self-employment tax Which is kind of similar to payroll taxes meaning it's your self-employment social security and Medicare taxes So so then whenever you're thinking is this income if it's income Then the next question is it subject to self-employment tax, which is a big Could be a big tax right on on the income or not