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Investors & landlords
@Scorkett wrote:
I wanted to ask what everyone decided on whether the < 7 days + material participation meant trade / business activity (non passive) or rental (passive)?
It is non-passive.
However, that doesn't necessarily mean it is a "trade or business". It very well could be, but the average length of stay and Material Participation don't automatically trigger it to be a "trade or business".
‎February 2, 2024
7:53 PM