Business & farm

After reading this I am more of an active participant....   (But what I need help w is HOW DO I GET AROUND IN TT TO BE ABLE TO ADD THIS CAMPER RENTAL BUSINESS AND THE CAMPER AS AN ASSET?  The way I tried it before it was trying to input it as real estate and that's why it tried to give me the 25year depreciation!  How do I get where I need to be in TT so I can get all info entered correctly?)

 

Active participation.

 

You can meet the active participation requirement without regular, continuous, and substantial involvement in real estate activities. But you must have participated in making management decisions or arranging for others to provide services (such as repairs) in a significant and bona fide sense. Such management decisions include:

  • Approving new tenants,

  • Deciding on rental terms,

  • Approving capital or repair expenditures, and

  • Other similar decisions.