TaxGuyBill
Level 15
12-07-2019
03:46 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"He insist that he spend more than 750 hours to participate in his rental property"
*IF* he qualifies as a Real Estate Professional (which includes that he Materially Participates in the rental activity), he would qualify for the Real Estate Professional exception. There is a check-box on the Federal Info Worksheet (the first page where you enter the name, address, Social Security Number, etc. of the taxpayer) for that.
However, you may want to verify that he meets the requirements, and perhaps even have him sign a statement that he meets the requirements of a Real Estate Professional.