The taxpayer actively participates in the rental activity. There was no where to mark not subject to net investment tax on the disposition form.
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Active participation does not preclude the application of NIIT. Did the rental rise to the level of §162 or meet the exception for not being a passive activity and was reported as such while it was in service? If not, NIIT should be assessable.
Active participation does not preclude the application of NIIT. Did the rental rise to the level of §162 or meet the exception for not being a passive activity and was reported as such while it was in service? If not, NIIT should be assessable.
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