I am going to put this question out there one more time in hopes of an definite answer. I already have read what is posted on google and in TT, which does not give a clear answer.
My parents are in their 90s and have owned rental property for many years, at times multiple properties, but have sold all but one rental house.
I have been all over trying to figure out if they qualify for this deduction since the language is so vague.
They have a separate account for their rental property and keep income and expenses separate.
In terms of the 250 hours per year, probably not that much but the property management does interact, and my parents make all the decisions.
So yes or no? I am not sure why there isn't more of a definite answer to this in the tax forms!
