Avs19
Level 7
05-23-2025
10:16 AM
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I'm working with a real estate professional that owns 6 rental properties. We would like to make the election to treat all interests in real estate as a single rental real estate activity. He doesn't have any suspended losses and normally nets around $50K. Should we report each property separately on schedule E or combine the figures into one? If reporting each separately on it's on Sch E, do I check the box that its considered a rental real estate enterprise and group all 6?
Thanks
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