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Investors & landlords
H&R Block flow diagram shows that yes, short-term rental with average rental 7 days or less qualifies for "Non-Passive Activity." I doubt H&R Block posts "loopholes."
https://www.hrblock.com/tax-center/wp-content/uploads/2018/05/airbnb-taxes.pdf
My question is how to report the non-passive activity on Schedule E (not using Turbo Tax currently) and distinguish it from long term rentals with passive activity.
‎February 23, 2023
2:29 AM