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Is rental income or loss a qualified business or trade? Are there any requirements to be a qualified business or trade if it is a passive income. Thanks

eternity-tax-ga
Level 1
 
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IRonMaN
Level 15

The standard thought is, it depends on how much involvement the taxpayer has in the rental operation. 


Slava Ukraini!

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3 Comments 3
IRonMaN
Level 15

The standard thought is, it depends on how much involvement the taxpayer has in the rental operation. 


Slava Ukraini!
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Just-Lisa-Now-
Level 15
Level 15

IRS recently issued updated guidelines for this...have you done any google searches for this information?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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IRonMaN
Level 15
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