Hi,
I own two rentals. One has property manager and the other I fully manage. The one managed by property manager, I make decisions regarding the rent amount, selection of tenant, buying of appliances and etc. When doing my taxes, the form 8960 will mark the income as negative as whole and not half of it. Am I considered an active participant for both properties? If I'm considered active for one and not the other, how should the negative amount in form 8960 be handled so part of the negative amount is used and not the whole amount?
Thanks
Sherry
