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Updated about 1 year ago on . Most recent reply
claim rental income as active
I know i can claim my short term rental income as active income as long as 1. avg rental is < 7 days 2. spent more than 100 hours managing it.
If I have other long / mid-term rentals, does the active business status carry over to other property's rental income?
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@John Fong if you meet the IRS requirements to qualify as a short-term rental and material participant (7 tests, you must meet at least 1) you may qualify to offset non-passive income (W-2, 1099, etc) with short-term rental losses.
Keep in mind, that only certain hours count toward material participation and you will want to track these hours.
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