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Old 09-02-2016, 06:00 PM
kstew43 kstew43 is offline
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If you actively participate in a rental real estate activity, you can deduct up to $25,000 of your rental loss even though it’s passive.

To actively participate means that you own at least 10% of the property, and you make major management decisions, such as approving new tenants, setting rental terms, approving improvements and so forth

I am sure the developer fits into this catagory as well.... I like turbo tax......does all the work for you