I'm a real estate professional and I materially participate in some of my properties but not all. For the properties that I materially participate in (short-term rental such as Airbnb and Vrbo), I'm going to take the rental loss as active loss from my total income. Am I able to take the rental loss from passively managed properties such as a long-term annual lease rentals from off my total income as well by combining all rental activities together or I can only take those losses as passive loss under the corresponding properties?
