rbynaker
Level 14
02-16-2023
10:32 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Does someone else spend time on it (on behalf of the owner)?
You'll find a spectrum of opinions on this. Some folks take the position that just about anything qualifies as a trade or business. The IRS came up with a safe harbor described here:
I'm somewhere in between. Probably one property with little involvement doesn't reach the level of trade or business.