Solved: Do I have a self-rental if my business only rents 51% of the building? I am a member of an LLC that owns a building and my law firm Professional Corporation rents 51%.

Do I have a self-rental if my business only rents 51% of the building? I am a member of an LLC that owns a building and my law firm Professional Corporation rents 51%.

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Yes. If you rent property to a trade or business activity in which you materially participated, net rental income from the property is treated as nonpassive income.

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Yes. If you rent property to a trade or business activity in which you materially participated, net rental income from the property is treated as nonpassive income.

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