rental income- passive vs active

A question on rental income/expense:

My accountant (indivudal income) put my rental (only 1 house) for last year as something called "passive" on my TAX return. So the NET cost did not deduct my total income. And she said only they will recommend for "active " if we have real estate license.

Is this how you file your return? The rental home is not under businese name.

 

Thanks.

 

所有跟帖： 

• yes. She is right. -jjj7- ♂ (0 bytes) () 10/29/2012 postreply 10:14:15

• Correct -qqqq2222- ♂ (0 bytes) () 10/29/2012 postreply 10:34:55

• she is right, but reality is not that strict. -漫漫人生路- ♀ (0 bytes) () 10/29/2012 postreply 11:01:42

• In reality,how to offset other income when it's not that strict? -HappyWed- ♀ (0 bytes) () 10/29/2012 postreply 11:04:52

• SEE LINKS ABOVE。。。 -tianfangye- ♂ (106 bytes) () 10/29/2012 postreply 11:38:52