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"Did not actively participate" rental property

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Level 2
last updated ‎March 04, 2020 3:58 PM

Can the owner (Schedule A) itemize the mortgage interest and property taxes as Investment Interest and Taxes, instead of including them in the Loss Carry Forward on "Did not actively participate" rental properties?

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2 Replies 2
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Level 14
last updated ‎March 04, 2020 3:58 PM

No


ex-AllStar
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Level 15
last updated ‎March 04, 2020 3:58 PM

Active participation has a much much lower bar than material participation.  How did you determine that your client did not actively participate?

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Still an AllStar