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Investors & landlords
In actuality, you probably are an 'active participant' and can claim all deductions/credits related to your Rental Property.
The 250 hours does not have to be performed by you; it includes services performed by others on your behalf; a property manager, repair and upkeep performed by others, etc.
Click this link for more info on Rental Property Active Participation.
A rental property is normally only considered 'unqualified' for any period of time it was designated 'for personal use' or rented below average rental rates.
Here's more info on Non-Qualified Rental Property.
[Edited 3/12/2021 | 1:08 pm]
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March 4, 2021
9:53 AM