How do I get Turbo tax (using online TurboTax premium") to classify me as a material participant in a rental property without classifying me as a real estate professional?
You'll need to sign in or create an account to connect with an expert.
If you indicate you are a real estate professional, you get the material participation question on each property instead of the active participation question. So, you would need to indicate real estate professional status to get the material participation question on each Schedule E property.
Schedule E vs Schedule C rental property reporting
If you indicate you are a real estate professional, you get the material participation question on each property instead of the active participation question. So, you would need to indicate real estate professional status to get the material participation question on each Schedule E property.
Schedule E vs Schedule C rental property reporting
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
elel
Level 1
elel
Level 1
elel
Level 1
whodiini
Level 5
Maryyy
New Member