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Investors & landlords
Sorry to bring this back up again.
I wanted to ask what everyone decided on whether the < 7 days + material participation meant trade / business activity (non passive) or rental (passive)?
My understanding was that the <7 days + material participation meant it was a trade/ business and would qualify for losses to offset against other non passive income (IE W2 wages).
‎February 2, 2024
4:27 PM