Skip to main content
Level 1
December 7, 2019
Solved

Is rental income or loss a qualified business or trade? Are there any requirements to be a qualified business or trade if it is a passive income. Thanks

  • December 7, 2019
  • 3 replies
  • 28 views
No text available
This topic has been closed for replies.
Best answer by IRonMaN

The standard thought is, it depends on how much involvement the taxpayer has in the rental operation. 

3 replies

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

The standard thought is, it depends on how much involvement the taxpayer has in the rental operation. 

Slava Ukraini!
Just-Lisa-Now-
Intuit Community Champion
December 7, 2019

IRS recently issued updated guidelines for this...have you done any google searches for this information?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
IRonMaN
Level 15
December 7, 2019