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February 15, 2025
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How do I get Turbo tax (using online TurboTax premium") to classify me as a material participant in a rental property without classifying me as a real estate professional?

  • February 15, 2025
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How do I get Turbo tax (using online TurboTax premium") to classify me as a material participant in a rental property without classifying me as a real estate professional?

Best answer by DawnC

If you indicate you are a real estate professional, you get the material participation question on each property instead of the active participation question.    So, you would need to indicate real estate professional status to get the material participation question on each Schedule E property.   

 

Schedule E vs Schedule C rental property reporting

1 reply

DawnC
DawnCAnswer
Employee
February 15, 2025

If you indicate you are a real estate professional, you get the material participation question on each property instead of the active participation question.    So, you would need to indicate real estate professional status to get the material participation question on each Schedule E property.   

 

Schedule E vs Schedule C rental property reporting

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