Investors & landlords

You might want to read the information at the following link (IRS web site), carefully, before proceeding with your QJV election (the mechanics of which are typically just checking a box on Schedule E).

 

https://www.irs.gov/instructions/i1040se#idm140609549106496

 

Your rentals are still subject to the passive activity loss rules unless you materially participate as a real estate professional.

 

Further, you would not report rental income on Schedule C unless you were a dealer in real estate or rented on a short-term basis and provided substantial services to your renters (i.e., on the order of a hotel).

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