Yes, I'm Actively participating.
I am claiming the Rental Property income and expenses, which give me a net zero return.
I claim the property as an Asset, for which, I get the Depreciation.
I guess the direct question is:
Can I claim the assets as Business Assets (not the property iteself) under sch C that are used in the rental property? Doing so, I get depreciated value deductions. Claiming such assets on Sch E (as an expense) does nothing since I've already reached net zero.
