in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill (OBBBA)
I was wondering if I would be considered an Active Participant in the room I rent to my son.
I own 50% of the property.
When repairs are required I make the decisions and I collect the monthly rent.
Not all years require repairs.
Thanks
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Yes, as long as you rent to him at fair market value.
Yes, as long as you rent to him at fair market value.
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