moonpetty58
Level 3

I HAVE HAD previous discussion on this issue.  I just need to understand why t/p expenses are being disallowed due to Passive Activity Limits and At-Risk Rules.  T/p actively and materially participated in obtaining and maintaining this property from the date of purchase-August 2022.  T/P did not get a renter until April 2023.  It just seems to me like a lost adventure.  Reading the Residential Rental Income and Passive Activity /At Risk rules seems not encourage investment in rental property.  I know that this is the last tax deadline day.  Help!

 

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