Active Participation

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  • KWF
    Member
    • Dec 2007
    • 63

    #1

    Active Participation

    A taxpayer owns an out of state residential rental property. The taxpayer hired a professional property manager to do the day to day managment of the rental.

    Would the taxpayer be considered to have met the active participation rule to claim a rental loss?
  • taxea
    Senior Member
    • Nov 2005
    • 4292

    #2
    If the taxpayer has final say over whatever the management does. i.e. renter, repair company, cost of repairs etc
    Believe nothing you have not personally researched and verified.

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