Personal use of the rental property (e

If the family owns multiple rental properties and materially participates in the management of the properties, they are more likely to be considered business assets. Page 21 of IRS Publication 334 elaborates on the criteria for filing Schedule C, indicating that Schedule C is reserved for real businesses and not casual rental income:If you are a real estate dealer who receives income from renting real property or an owner of a hotel, motel, etc.