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    • Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
    Created with Sketch. See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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    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

    eternity-tax-ga
    Level 1
    ‎12-06-2019 08:49 PM
     
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    IRonMaN
    Level 15
    ‎12-06-2019 08:49 PM

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


    Slava Ukraini!

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    3 Comments 3
    IRonMaN
    Level 15
    ‎12-06-2019 08:49 PM

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


    Slava Ukraini!
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    Just-Lisa-Now-
    Level 15
    Level 15
    ‎12-06-2019 08:49 PM

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


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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    IRonMaN
    Level 15
    ‎12-06-2019 08:49 PM
    https://accountants-community.intuit.com/questions/1794144-safe-harbor-for-199a-rentals

    Slava Ukraini!
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