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Investors & landlords
Yes, You actively participated in a rental real estate activity if you (and your spouse) owned at least 10% of the rental property and you made management decisions or arranged for others to provide services (such as repairs) in a significant and bona fide sense. Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and other similar decisions, but it can also include the ability to retain or choose the management company.
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‎June 6, 2019
5:15 AM
2,217 Views