TaxGuyBill
Level 15
Even then, it should be disqualified investment income.

§32 disqualifies (1) "rents or royalties not derived in the ordinary course of a trade or business", AND (2) passive activity income.

Rental of land is non-passive, so it would avoid that.  But it would still likely be "rents or royalties not derived in the ordinary course of a trade or business".
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