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Investors & landlords
@Mike9241 wrote:\certainly, she would meet 6 so 7 wouldn't matter except I think Turbotax misphrases what the actual rule is
the activity is a personal service activity and the individual participated in it for any 3 prior years consecutive or not.
I disagree.
The activity here is a rental real estate activity (assuming no significant services are rendered to the tenants), not a personal service activity. Thus, the requirement of #6 is not met.
Unless more than 100 hours are spent on performing rental-related tasks on the property, such as repairs, cleaning, maintenance (and the like), the requirement of #7 is also not met (management and administrative tasks do not count toward the 100 hours).
‎April 4, 2022
7:09 AM
1,860 Views