Time to flog Dobbin again. This one seems absolutely clear to me. Someone corrected me a few months ago on the technical definitions of active vs. passive. However, it is clear that gogolfer is an active participant under any reasonable person's definition. He did work himself, he tried to rent it out, he has found a tenant and presumably will collect the rent himself.As I read the IRS documents, that means that all of gogolfer's expenses for 2000 are deductible (not counting paydown of principal, and depreciation of appliances and such is open to debate) on Schedule E. I will assume the $25,000 limit does not apply, or more precisely has not been bumped up against.Comments?
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