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Financial Planning / Tax Strategies


Subject:  Re: Peter Date:  6/20/2012  2:14 AM
Author:  ptheland Number:  116298 of 129670

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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