@Landlady J wrote:
I spent >750 hours dealing with this property but not 750 hours each with all 4 properties. Even though I Actively Participate in all of them, I don't Materially Participate in all 4 separately. Is there an option to have this loss qualify for a partial refund perhaps through a "Safe Harbor"? I went to an accountant to ask questions but she wasn't that familiar with the new Safe Harbors. Thank you for your time.
There is no "Safe Harbor" in connection with allowing Passive Losses like that.
However, are you SURE you don't "Materially Participate" in the property? You may want to review that.
https://www.irs.gov/publications/p925#en_US_2019_publink[phone number removed]
