@AmeliesUncle thanks for your prior response regarding my short term (rentals less thanb 7 days) airbnb rental unit. I want to make sure that I will not be responsible for self employment tax. can you please clarify on something you said...
If you did NOT provide "services" (such as maid service or meals) AND you "Materially Participated", it goes on 8825 and is NOT passive (it can offset your W-2 income). No self employment tax applies. The passive vs. nonpassive is dealt with on the 1040.
so if i generate a gain under this scenario you describe (no services provides but yes materially participated).... do I owe self employment tax ?
