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picazo

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Did I actively participate in managing my property? I have a property manager but still decide the rental terms and ultimately approve the tenants the property manager found?

Did I actively participate in managing my property? I have a property manager but still decide the rental terms and ultimately approve the tenants the property manager found?

(Asked 03/27/08, Views 127)

Question has been solved by TurboTaxLane

Answers (2)

TurboTaxNeil

Pro

You should be able to, yes.

(Posted 03/27/08)

Rating (+ 1):

TurboTaxLane

Pro

That would make you an active participant. Even though you have a property manager, if you make the decisions, pay the bills, do credit reports, etc. you are actively participating.

(Posted 03/27/08)

Solved
Rating (+ 11):

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