Jane and Don own a ski chalet in Lake Tahoe, NV and rented it for 12 days for $8,000. The rest of the year, the chalet was used by them and their friends and family. What is the proper tax treatment of the $8,000?
A. The amount should be reported as other income on Form 1040
B. Should be reported on Schedule E
C. None of the rental income is included in gross income
D. The amount should be reported on Schedule C
Answer: C
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