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Updated almost 4 years ago,

User Stats

49
Posts
9
Votes
Nina Ning
9
Votes |
49
Posts

What's considered active trade or business ?

Nina Ning
Posted

If I only have one or two rental properties, would IRS consider it an active trade or business so I can deduct Start up costs at least for $5000 ? Has anyone done the deduction in my situation? Thanks Nina