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Form 4835 - Active Participation in Farm Rental Income and Expenses

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Form 4835 - Active Participation in Farm Rental Income and Expenses

Answer

Active Participation

 Generally, you are considered to actively participate if you participated in making management decisions or arranging for others to provide services (such as repairs) in a significant and bona fide sense. Management decisions that are relevant in this context include approving new tenants, deciding on rental terms, approving capital or repair expenditures, and other similar decisions. You do not, however, actively participate if at any time during the year your interest (including your spouse’s interest) in the activity was less than 10% (by value) of all interests in the activity.

Form 4835 Instructions


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Views: 386 Created on: Jun 15, 2013
Date updated: Sep 08, 2015

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