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leahpa
New Member

I'm a real estate agent renting an apt attached to our home through Airbnb, I do all the work, cleaning & communication etc. Should this be passive or non passive income?

I sometimes have to ready the apartment a couple times a week.
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Accepted Solutions
JulieH1
New Member

I'm a real estate agent renting an apt attached to our home through Airbnb, I do all the work, cleaning & communication etc. Should this be passive or non passive income?

If you are a real estate pro, you can write off all of your losses from rental property as active income (non-passive). 

To be considered a real estate pro, you must spend at least 750 hours a year performing personal services related to your property. This can include making management decisions, inspecting the property, overseeing repairs and interviewing tenants, to give a few examples

If your rental does not take you 750 hours a year, then it has to be listed as passive.

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1 Reply
JulieH1
New Member

I'm a real estate agent renting an apt attached to our home through Airbnb, I do all the work, cleaning & communication etc. Should this be passive or non passive income?

If you are a real estate pro, you can write off all of your losses from rental property as active income (non-passive). 

To be considered a real estate pro, you must spend at least 750 hours a year performing personal services related to your property. This can include making management decisions, inspecting the property, overseeing repairs and interviewing tenants, to give a few examples

If your rental does not take you 750 hours a year, then it has to be listed as passive.

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