Gwen4
Level 3
04-14-2026
01:18 PM
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Hey, hopefully I can help. In the General Information: I mark joint, and then if they filed any 1099s for any contract work they had done to the property mark 1, if not mark 3. The only reason I would mark "did not actively participate" is if they used a property management company. Otherwise that's all I would fill out on general information for a rental property.
In the Other Information section, I would list the number of hours of significant participation hours between 100-500. The other info isn't going to apply to most people.
Hope this helps.