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Updated about 7 years ago,
Rental income taxes: Is it better to be under a active agent?
Hello,
My wife and I purchased our first property (Duplex), we have a PM company looking over it for us being that it is about 600 miles away. We are located in Washington state.
I've searched around for a bit maybe I'm asking the wrong questions in search...
When it comes to tax time is it better to claim as a "active RE agent" or not? I'm an active agent however my wife is not.. Any advice or pointers would be GREAT!
Thanks!