Question: Exceptions to the rental activity classification are allowed for certain activities because they require continuous oversight and management. Thus, the tax law will not automatically
Exceptions to the rental activity classification are allowed for certain activities because they require continuous oversight and management. Thus, the tax law will not automatically treat the rental activity as passive. Which following activity isnotconsidered the exception?
Activity where the average rental time is days or less
Rental real estate
Car rental
Golf course
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
