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    mhaip's Avatar
    mhaip Posts: 5, Reputation: 1
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    #1

    Apr 14, 2008, 07:49 AM
    Passive/Non-Passive activities
    I am one of three partners in an LLC. We own rental properties and I am primary maintenance person that does the repairs and service. Is this income/loss considered passive or non-passive activity for the purpose of the Schedule E.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Apr 16, 2008, 10:58 AM
    By definition, it is a passive activity since you are NOT a real estate professional who buys and rents properties as part of your real estate business.
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