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Some rentals are active while others become passive
I have been managing a few rental properties myself and put down as active participation / activities. I have been filing for active profit/loss on all properties for a few years without any problem.
However, for 2021, I noticed that some rental properties are active, while a few others become passive and therefore their loss are not allowed. But I didn't do anything specifically for it, like choosing active/passive status is still done once at the beginning for all properties.
What's going on? How can I fix it?
Thanks very much!
‎August 23, 2022
5:47 PM