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CortneyR
New Member

Rental Property Active Participant?

I'm trying to figure out if I was an active participant for a rental property and I'm not sure what all is included for the second requirement: I made major management decisions for this property such as approving tenants and authorizing repairs.

I paid for some repairs that were requested by the tenant and I helped to get the tenant a pool card for the community pool from the HOA, does that count?
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SusanH
New Member

Rental Property Active Participant?

Yes, for the management decision part.

There are only two requirements for the active participant designation:

  1. You must own at least 10% or the property and
  2. You must make major management decisions for the property such as approving tenants and authorizing repairs.

Based on the information in your question, you are an active participant for the management aspect. If you also own more than 10% of the property, you are considered an active participant. 

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3 Replies
SusanH
New Member

Rental Property Active Participant?

Yes, for the management decision part.

There are only two requirements for the active participant designation:

  1. You must own at least 10% or the property and
  2. You must make major management decisions for the property such as approving tenants and authorizing repairs.

Based on the information in your question, you are an active participant for the management aspect. If you also own more than 10% of the property, you are considered an active participant. 

Rental Property Active Participant?

What if you"ve only owned it for part of the year?
pedroiii
New Member

Rental Property Active Participant?

I qualify for this but I can't figure out how to identify myself as an active participant

How do I do this.  It keeps coming up as passive and non-deductable.
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