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Special rental real estate loss allowance -- elective?
Special rental real estate loss allowance -- elective?
Is the special $25,000 loss allowance for rental real estate with active participation elective. I.e. can you forgo some or all of it? Presumably you could always forgo all of it by simply claiming not to be an active participant.
Is the special $25,000 loss allowance for rental real estate with active participation elective. I.e. can you forgo some or all of it? Presumably you could always forgo all of it by simply claiming not to be an active participant.
1. No
2. Just happens to be active only when convenient?
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