Rental activity qualifies as a business or just an investment?
Investment: Investors are passive—they put their money in someone else's business
and hope their investment will increase in value due to the other person’s
efforts.
Business: business owners earn their profits by actively running a business,
either themselves or with the help of others they hire, such as managers. Owning rental property qualifies as a business if you do it to earn a profit and work at it regularly, systematically, and continuously.
"Every Landlord's Tax Deduction Guide", 15th Ed., P 31
