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New Member
posted Sep 7, 2023 12:11:39 PM

I actively mange rental property but turbo does not reflect that fact--how to fix?

how to input active management of rental property?

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2 Replies
Level 15
Sep 7, 2023 1:22:40 PM

Do you earn commissions and/or charge fees for managing rental properties for owners?

 

Are you a real estate professional who materially participates in your rental property?

 

See https://www.irs.gov/publications/p527#en_US_2022_publink1000234059

 

Alternatively, I suspect, you are referring to active participation (TurboTax asks you that question in the interview).

 

See https://www.irs.gov/publications/p925#en_US_2022_publink1000104573

 

 

 

If you are referencing the 199A deduction:

 

See https://www.irs.gov/newsroom/irs-finalizes-safe-harbor-to-allow-rental-real-estate-to-qualify-as-a-business-for-qualified-business-income-deduction

Level 15
Sep 8, 2023 12:02:47 PM

Is this rental property you own? Or are you "in the business" of managing rental property for others? I also wonder if you may be confusing active participation with material participation. There is a difference.