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Investors & landlords
You provide services, so it does NOT go on Form 8825. Because of the "services", if and when there is a profit, you will owe self employment tax (Social Security and Medicare taxes) on the profit.
TurboTax may ask for your non-farm income for purposes of self employment tax, but if you have a loss, that number will be negative, so no self employment tax will apply.
‎August 12, 2021
12:27 PM
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