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self-rental in business
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HOPE2
Level 9
07-31-2025
10:51 AM
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Hi all, and thank you for your help.
My question is regarding the Section 469 Activity Grouping Disclosure under Treas. Reg. §1.469-4.
I would like to know: When I file Form 1040 and Form 1120-S for my client—who owns an S corporation operating a transportation business and also owns the building where the business operates—how can I inform the IRS that the rental income is non-passive?
Also, what should I do on Schedule E of Form 1040, given that the property owner is the individual taxpayer?
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TaxGuyBill
Level 15
07-31-2025
02:11 PM
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I am not an expert in this, but to group, I think you just attach a statement that details what is being grouped and for what purpose.
In ProSeries, on the Schedule E worksheet, just check the non-passive box (box "G").
