Investors & landlords


@Mike9241 wrote:

after reading the temporary reg and the situations it presets it seem the IRS says 7 day rentals are never passive.


 

The seven day thing means it is not treated as a "rental activity" (which is automatically passive) for purposes of the passive rules.  That means the passive versus non-passive determination is based on if there is Material Participation or not.

 

I think you are right, the only way to tell the program that this situation is non-passive is to check that box.