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-   -   Passive/Non-Passive activities (https://www.askmehelpdesk.com/showthread.php?t=205640)

  • Apr 14, 2008, 07:49 AM
    mhaip
    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.
  • Apr 16, 2008, 10:58 AM
    AtlantaTaxExpert
    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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