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Get your taxes done using TurboTax
Rental activities are considered passive activities unless you materially participated as a real estate professional. See the section of IRS Publication 925 at this link for more details.
TurboTax treat income and losses from real estate activities accordingly, i.e., you must be a real estate professional and must materially participate in the operation of the rental activity.
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‎July 4, 2020
12:29 PM