The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Peter||Date: 6/20/2012 2:14 AM|
|Author: ptheland||Number: 116298 of 122915|
Here is Phil's question: "But back to OP's question. Clearly, if she uses the management company to do everything, she's not actively participating. But how about her other scenario; is that active enough? I've never been clear on this."
Well, I tried to dodge it.
I'm a tad rusty on the particular details of how many hours you need to put into the rental to make it qualify for the $25k rental loss allowance. So let's start by finding out of the question is important before we try to answer it.
Is the rental going to produce a loss for tax purposes? Do you have any other rentals that produce income?
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