Am I still an active participant if a management company books tenants, collects rent, etc. We approved the rental agreement.

tnweb2 · ‎June 6, 2019

MaryK1 · ‎June 6, 2019

Yes, You actively participated in a rental real estate activity if you (and your spouse) owned at least 10% of the rental property and you made management decisions or arranged for others to provide services (such as repairs) in a significant and bona fide sense. Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and other similar decisions, but it can also include the ability to retain or choose the management company.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

MaryK1 · ‎June 6, 2019

Yes, You actively participated in a rental real estate activity if you (and your spouse) owned at least 10% of the rental property and you made management decisions or arranged for others to provide services (such as repairs) in a significant and bona fide sense. Management decisions that may count as active participation include approving new tenants, deciding on rental terms, approving expenditures, and other similar decisions, but it can also include the ability to retain or choose the management company.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Am I still an active participant if a management company books tenants, collects rent, etc. We approved the rental agreement.