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Investors & landlords
Rental income *is* passive income. That's why it's reported in box 1 of a 1099-MISC. Non-passive income would be reported on a 1099-NEC. So there's no problem or issue here. All your rental income, expenses and depreciation will be reported on SCH E as a part of your personal 1040 tax return. This is no big deal.
‎July 28, 2021
9:03 AM