Drake Tax - Self-Rental and Land Note 357
Article #: 10113
Last Updated: October 18, 2024
This note is produced when either 5 Land or 7 Self-Rental is selected as the type of property on the E screen.
Neither activity is considered passive according to IRC Regulation 1.469-2T(f)(3). Therefore, the software has reclassified these as non-passive and the gain will not flow to Form 8582.