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Business & farm
Sorry, I hit enter too fast.
Yes, it is a "gray area" because, as View2 pointed out, whether or not it is a "trade or business" is a tricky thing. However, the Tax Court has sometimes ruled that even a SINGLE rental property could be a "trade or business".
Yes, it is a "gray area" because, as View2 pointed out, whether or not it is a "trade or business" is a tricky thing. However, the Tax Court has sometimes ruled that even a SINGLE rental property could be a "trade or business".
‎June 3, 2019
12:15 PM