Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Active Participation - Anyone have audit experience with this?
I've seen people in the BP forums with differing opinions on the topic (shocker!). Some say as soon as you get a Property Manager you are passive no matter what. Others quote the readily available Internet information saying "if you (and your spouse) owned at least 10% of the rental property and you made management decisions"... blah, blah.
But I'm curious to know, has anyone in the forums actually been audited to be able to speak authoritatively on this subject? Has anyone with a prop. mgr. been audited and proved that they actively participated in the rental activities and been deemed by the IRS as actively participating?