3088741
You'll need to sign in or create an account to connect with an expert.
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:
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.
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.
syounie
Returning Member
mostertpiet8
New Member
ramseym
New Member
DallasHoosFan
New Member
eric6688
Level 1