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Get your taxes done using TurboTax
Thanks. I'm getting conflicting info on this. Some say that if it's passively earned then it's also passive. I would find it odd that when rent is passively earned it is not subject to SE taxes, but if interest is passively earned and entered as "other income" then it is subject to SE taxes.
In my case the source of the income is deferred Covid rent which caused a portion of the rent to be considered interest per Section 467.
March 6, 2022
7:15 AM