Though, it ends up in a stream of red tape and inaction as there are multiple meetings with the board which can take time. 

Tax Court Memo 1998-17 (Pohoski) stated the second test was not satisfied when taxpayers failed “to put forth some indication of the actual time spent by” third-party non-owners in activities on the property.3.You participated in the activity for more than 100 hours during the tax year, and you participated at least as much as any other individual (including individuals who did not own any interest in the activity) for the year.ATG Notes: If a taxpayer participates in an activity for more than 100 hours and no other individual participates more than the taxpayer (including any employee or non-owner), income or losses from the activity are non-passive.Examination Techniques: Be alert to employees who are managing the activity, indicating the taxpayer deducting the losses may not be materially participating (particularly on Form 1040 Schedules C and F).

Hello l, I currently have an "Inactive" real estate salesperson liscense from MA.

The "cool" of inner-city life is done, kinda funny how lawlessness, riots and loosing 50% police force does that huh, whod-a-thunk-it..... oh yeah, that's right, EVERYONE except politicians....Strong migration trend in action of people and business leaving the inner-metro-ring too the outer-metro-ring.

If you own a business that brings in active income, then you have to pay self-employment income taxes on your net earnings.  

If you live and operate in a seismically inactive and urban area like Pittsburgh, there are certain things you should look for to minimize your exposure that far outweighs the value of buying sewer line insurance, even for a hundred-year-old home.1. 

I'm inexperienced in real estate but have tried to prepare by reading books, listening to podcasts, and also have an inactive real estate license in Texas (I've never used it to buy or sell).Any advice, especially regarding realtors, property managers, etc., would be greatly appreciated.I am planning to make my first acquisition myself, but I would also be open to a partnership.Thanks,Parker

My license has been on inactive for 3 years.

He sent me a screen recording of the mobile property management app in action.

If that role becomes active, meaning one of the partners, or a new partner. takes on that previously inactive role, then the corresponding percentage is now given to that partner, and pulled from the others.