taxmodern
Level 3
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Tax professional specializing in tax consultation for rental real estate.
Link to my Website
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- Posts
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There hasn't been a change regarding this, so the same rules still apply.You mentioned that you have other rental properties.Maybe what you're seeing is the los...
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There are several replies in this thread, and some have correct info, but it's all a bit complicated.As someone mentioned, just having material participation do...
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That's a very common misconception, so common that I have a standard block of text that I wrote that I paste in discussions whenever this comes up. Rentals, in...
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When you have a rental that has an average stay of 7 days or less, and you also put in enough hours for material participation (100 hours/year on it if no one e...
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As Patricia mentioned, the 3115 isn't available in TurboTax online, but you can fill out the 3115 form in TurboTax Desktop if you switch to forms mode. But that...
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