The property type requested on the Schedule E is used to determine if the income is subject to any special rules. Types of property that may be subject to special rules include Land (5), Self-Rental (7) and Other (8).
If Land is the type of property selected to report income received. Please click here to review the special handling of Land, which is a property you can’t depreciate.
If Self-rental is the type of property selected, this indicates the property is rented to a trade or business in which you, the taxpayer, materially participated. Please click here to review “Rental of Property to a Nonpassive Activity”.
Other (not commonly used) is selected if the property doesn’t fall into any of the other category types. You are required to attach a statement to your return describing the type of property. The return would have to be manually filed (paper-file) to attach the statement since attachments are not allowed when e-filing a return.
